North Indian cotton yarn demand may rise in April, prices steady

The Ludhiana market has remained stable in terms of cotton yarn prices, although a slight drop of ₹1-2 per kg was observed last week. Tight payment conditions and annual closing were major concerns for the cotton yarn market. A trader from the Ludhiana market told Fibre2Fashion, “Buyers are very cautious about fresh purchases. They are only buying cotton yarn to meet immediate needs as they do not want to tie up their funds in raw materials under the current circumstances. Although imported Chinese knitted fabric is arriving in the market after a slow release from ports following the payment of revised higher duties, its slow supply has not significantly influenced market sentiment.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹259-269 (approximately $2.97-3.08) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹249-259 (approximately $2.85-2.97) per kg and ₹254-264 (approximately $2.91-3.02) per kg, respectively; and carded yarn of 30 count was noted at ₹239-244 (approximately $2.74-2.79) per kg today, according to trade sources.

The Delhi market did not witness any significant movement in cotton yarn prices. Slow export demand has not supported price increases, and the market continues to face payment constraints and weak buyer interest. According to market sources, the current sluggish demand may persist until the end of this month. However, market sentiment is expected to improve next month as buyers regain purchasing power.

In Delhi, 30 count combed knitting yarn was traded at ₹259-260 (approximately $2.97-2.98) per kg (GST extra), 40 count combed at ₹284-285 (approximately $3.25-3.26) per kg, 30 count carded at ₹233-235 (approximately $2.67-2.69) per kg, and 40 count carded at ₹258-260 (approximately $2.96-2.98) per kg today.

India’s home textile hub, Panipat, has not seen any improvement in the demand for recycled yarn, though its prices remain stable. Recycled polyester fibre and cotton comber have also been traded at steady levels. According to market sources, production activities have slowed across the entire value chain in the Panipat region due to Holi and Ramadan. Bed sheet demand typically rises in Uttar Pradesh, Bihar, and other northern states before the summer season, but so far, demand remains subdued. Improvement is expected in April.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (approximately $0.86-0.89) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹52-55 (approximately $0.60-0.63) per kg, 20s recycled PC yarn (Grey) at ₹95-99 (approximately 1.09-1.13) per kg and 30s recycled PC yarn (Grey) at ₹128-134 (approximately $1.47-1.53) per kg. Cotton comber prices were noted at ₹103-106 (approximately $1.18-1.21) per kg and recycled polyester fibre (PET bottle fibre) at ₹79-83 (approximately $0.90-0.95) per kg today.

In north India, cotton prices continued to rise on Monday as an increase in ICE cotton prices and higher seed costs drove up spot prices. Cotton yarn prices gained by ₹50-60 per maund (37.2 kg) over the past four days. Traders noted that domestic cotton seed prices also found support, further strengthening sentiment in the cotton trade. Higher global cotton prices have also had a positive impact on the domestic market. ICE cotton opened on a positive note on Monday after experiencing heavy fluctuations last week.

North India’s cotton arrivals stood at 7,300 bales (170 kg each), comprising 300 bales in Punjab, 2,500 bales in Haryana, 3,000 bales in upper Rajasthan, and 1,500 bales in lower Rajasthan. In Punjab, cotton prices ranged from ₹5,520 to ₹5,530 (approximately $63.23-63.34) per maund, while in Haryana, prices ranged from ₹5,500 to ₹5,520 (approximately $63.00-63.23). In upper Rajasthan, cotton was priced between ₹5,520 and ₹5,540 (approximately $63.23-63.46) per maund. In lower Rajasthan, it was priced between ₹52,600 and ₹53,800 (approximately $602.51-616.26) per candy (356 kg). Meanwhile, seed cotton prices ranged from ₹7,000 to ₹7,200 (approximately $80.18-82.47) per quintal (100 kg).

Disclaimer: The prices in this article are based on market sources and hence, readers are recommended to do their own research before making any decision. The publisher and their affiliates are not liable for any inaccuracies or actions taken based on this information.

ALCHEMPro News Desk (KUL)