North Indian cotton yarn prices steady, spinners favour export markets

On the other hand, the local consumer industry was not ready to pay higher prices as the demand from the downstream industry was not up to the mark. The market also experienced tight payment flow due to the financial year closing. Recycled polyester-cotton yarn and recycled polyester yarn were also traded stably in Panipat. The home textile value chain is facing sluggish demand globally because of heavy stocks at every level.

A trader from the Ludhiana market told Fibre2Fashion, "The local industry was not comfortable with the recent rise in cotton yarn prices. Fabric manufacturers were not getting enough demand from the garment industry. Both local and export demand for ready-made garments was not so encouraging.” Cotton yarn prices remained stable in the market.

In Ludhiana, 30 count cotton combed yarn was sold at ₹277-287 per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹266-277 per kg and ₹273-283 per kg, respectively; and carded yarn of 30 count was noted at ₹257-264 per kg today, according to Fibre2Fashion's market insight tool TexPro.

A Delhi-based trader told F2F, “Spinning mills were selling in the export market. Their mill rates and tough terms were not comfortable for fabric manufacturing units. Tight payment flow was also discouraging buying in the cotton yarn market.” In this market, 30 count combed yarn was traded at ₹275-280 per kg (GST extra), 40 count combed at ₹300-305 per kg, 30 count carded at ₹250-255 per kg, and 40 count carded at ₹277-280 per kg today, as per TexPro.

Panipat’s recycled yarn market also noted steadiness due to prolonged sluggish demand from the home textile market. Traders said that huge stocks were still a concern for the market. Additional production capacity of new mills in north India also increased supplies in the recycled yarn market.

Today in Panipat, 10s recycled PC yarn (Grey) traded at ₹76-80 per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹51-54 per kg, 20s recycled PC yarn (Grey) at ₹88-93 per kg and 30s recycled PC yarn (Grey) at ₹133-142 per kg. Cotton comber prices were noted at ₹115-117 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹71-73 per kg, as per TexPro.

Cotton prices in north India have returned to the level observed last Thursday. This natural fibre experienced a decline followed by a recovery over the past three trading sessions, with local prices tracking the trend in ICE cotton. After the decline, prices rebounded by ₹100 per maund of 37.2 kg. Traders anticipate further declines in cotton arrivals as the season draws to a close. The market is closely monitoring the trend in global cotton prices for guidance.

Today’s arrival was noted at 13,000 bales of 170 kg. State-wise arrivals were noted as Punjab 1,500 bales, Haryana 4,000 bales, upper Rajasthan 4,000, and lower Rajasthan 3,500 bales. Cotton was priced in Punjab at ₹5,850-5,925 and in Haryana at ₹5,825-5,925, upper Rajasthan at ₹5,750-5,950 per maund of 37.2 kg. Bikaner line cotton was sold at ₹5,950-6,000 per maund. In lower Rajasthan, cotton was priced at ₹56,500-58,500 per candy of 356 kg.

ALCHEMPro News Desk (KUL)