North Indian cotton yarn prices steady; demand low due to cash crunch

In the Ludhiana market, cotton yarn prices remained stable after a ₹2 per kg increase last week, driven by rising cotton prices. Demand from the consumer industry was slow due to uncertainty in the downstream industry and cash shortages. A trader from Ludhiana told Fibre2Fashion, “Mills had increased yarn prices last week after cotton prices rose. This week opened with weak demand and cash constraints. Traders and stockists are diverting their cash into shares for immediate gains. They feel that the cotton yarn trade is less profitable.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹262-272 (approximately $3.14-3.26) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹252-262 (approximately $3.02-3.14) per kg and ₹257-267 (approximately $3.08-3.20) per kg, respectively; and carded yarn of 30 count was noted at ₹242-247 (approximately $2.90-2.96) per kg today, according to trade sources.

The Delhi market also continued to experience steady cotton yarn prices, with no relief from weak demand. Cotton yarn trade remained under pressure due to slow buying. The market is now more reliant on domestic purchasing as export demand faces additional challenges.

In Delhi, 30 count combed knitting yarn was traded at ₹267-270 (approximately $3.20-3.23) per kg (GST extra), 40 count combed at ₹289-297 (approximately $3.44-3.56) per kg, 30 count carded at ₹244-246 (approximately $2.92-2.94) per kg, and 40 count carded at ₹269-272 (approximately $3.22-3.26) per kg today.

Panipat, India’s home textile hub, also faced payment constraints, which contributed to slow demand from home textile product manufacturers. A trader from Panipat reported that weak export demand had pushed sellers to focus on the domestic market. Despite the festive season, demand for home textiles remained weak, with traders attempting to clear stock for financial stability.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.93-0.98) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.63-0.67) per kg, 20s recycled PC yarn (Grey) at ₹96-102 (approximately 1.14-1.21) per kg and 30s recycled PC yarn (Grey) at ₹130-135 (approximately $1.56-1.62) per kg. Cotton comber prices were noted at ₹100-110 (approximately $1.20-1.32) per kg and recycled polyester fibre (PET bottle fibre) at ₹73-77 (approximately $0.87-0.92) per kg today.

In north India, old cotton prices remained stable after slight gains last week, with normal buying activity from spinning mills. Stability in ICE cotton futures dampened local market sentiment. Haryana’s mandis received 125-150 bales of 170 kg of cotton, as farmers cleared last year’s seed cotton stock. In total, 400 bales were delivered on the first day of the current week, but no new cotton arrivals were reported in Punjab or Rajasthan.

Old cotton prices in Punjab ranged from ₹5,920 to ₹5,925 (approximately $70.87-70.93) per maund of 37.2 kg. In Haryana, prices ranged from ₹5,820 to ₹5,825 (approximately $69.67-69.73), while in upper Rajasthan, cotton was priced between ₹5,550 and ₹5,925 (approximately $66.44-70.93) per maund. Bikaner line cotton sold for ₹5,900 to ₹6,000 (approximately $70.63-71.82) per maund. In lower Rajasthan, cotton was priced at ₹56,000 to ₹59,000 (approximately $670.36-706.27) per candy of 356 kg. New cotton was traded at ₹5,840-5,850 per maund for September and October delivery. Seed cotton (Narma) was sold within a wide price range of ₹6,800-7,400 per quintal due to significant variations in quality and moisture.

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)