North Indian cotton yarn lacks optimism; comber prices dip in Panipat

In the Ludhiana market, cotton yarn prices remained stable, though demand was below average. A trader from Ludhiana told Fibre2Fashion, “Cotton yarn trade is still facing payment constraints due to the slow offtake of textile raw materials. Although June has begun, optimism is still missing. It is unclear whether demand will improve in the coming days.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹258-268 (~$3.02-3.14) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹248-258 (~$2.90-3.02) per kg and ₹253-263 (~$2.96-3.08) per kg, respectively; and carded yarn of 30 count was noted at ₹238-243 (~$2.79-2.85) per kg today, according to trade sources.

The Delhi market also experienced sluggish demand and tight payment conditions, with cotton yarn traded at previous price levels. According to market sources, pre-winter garment export orders from the US and Europe are yet to commence, and regular orders from key markets remain slow. Ongoing trade deal discussions between India and the US have also encountered hurdles, creating uncertainty throughout the value chain.

In Delhi, 30 count combed knitting yarn was traded at ₹260-261 (~$3.04-3.06) per kg (GST extra), 40 count combed at ₹285-286 (~$3.34-3.35) per kg, 30 count carded at ₹234-236 (~$2.74-2.76) per kg, and 40 count carded at ₹259-261 (~$3.03-3.06) per kg today.

Panipat, India’s home textile hub, saw improved demand for fine-count recycled yarn, commonly used in bedsheets which are in demand during the summer in north India. According to trade sources, recycled yarn demand in June may rise only if workers return to factories, as a labour shortage has slowed downstream production. Cotton comber prices in Panipat dropped by ₹2–3 per kg due to weak consumption, while recycled polyester fibre rose by ₹1–2 per kg, following a ₹1.50 per kg hike in virgin polyester fibre prices last week.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (~$0.88-0.91) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹52-55 (~$0.61-0.64) per kg, 20s recycled PC yarn (Grey) at ₹95-99 (~$1.11-1.16) per kg and 30s recycled PC yarn (Grey) at ₹128-134 (~$1.50-1.57) per kg. Cotton comber prices were noted at ₹105-108 (~$1.23-1.26) per kg and recycled polyester fibre (PET bottle fibre) at ₹76-80 (~$0.89-0.94) per kg today.

Cotton prices in north India rose by ₹10–20 per maund (37.2 kg) following a week of consistent decline. The market found support from stronger ICE cotton prices, although domestic demand remained weak despite the increase in the minimum support price (MSP). Traders noted that the positive opening of ICE cotton supported local prices. However, uncertainty in downstream demand continues to discourage spinning mills from building stock. The recent MSP hike by the Indian government has made domestic cotton prices less competitive globally.

Cotton arrivals in north India totalled 750 bales (170 kg each), including 500 bales in Haryana, 200 in upper Rajasthan, and 50 in lower Rajasthan. Punjab reported no fresh arrivals. Cotton prices ranged from ₹5,720 to ₹5,730 (~$66.98–67.10) per maund of 37.2 kg in Punjab; ₹5,520–5,580 (~$64.64–65.35) in Haryana; and ₹5,720–5,750 (~$66.98–67.34) in upper Rajasthan. In lower Rajasthan, prices stood at ₹53,500–₹54,700 (~$626.52–640.57) per candy of 356 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)