North Indian cotton yarn sees increased demand; prices rise in Delhi

In Delhi, yarn prices also increased by ₹2-3 per kg, reflecting the upward trend in cotton prices. Higher demand from spinning mills, due to the end of the current season, contributed to this rise. A trader from Delhi told Fibre2Fashion, “Spinning mills always try to secure deals at lower prices. They are requesting lower prices for bulk purchases, and the higher MSP for the coming season is also a motivating factor for them. However, Bangladesh remains a concern for the textile industry.”

In Delhi, 30 count combed knitting yarn was traded at ₹263-265 (approximately $3.13-3.16) per kg (excluding GST), 40 count combed at ₹285-292 (approximately $3.40-3.48) per kg, 30 count carded at ₹240-242 (approximately $2.86-2.88) per kg, and 40 count carded at ₹265-268 (approximately $3.16-3.19) per kg.

The Ludhiana market saw slightly better demand from the consumer industry, but cotton yarn prices remained largely unchanged. A trader from Ludhiana noted that while demand from fabric manufacturing units was good, it was not enough to drive a price increase. Market sentiment is weak due to the availability of cheaper Tencel fabric.

In Ludhiana, 30 count cotton combed yarn was sold at ₹260-270 (approximately $3.10-3.22) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹250-260 (approximately $2.98-3.10) per kg and ₹255-265 (approximately $3.04-3.16) per kg, respectively; and carded yarn of 30 count was noted at 240-245 (approximately $2.86-2.92) per kg today, according to trade sources.

India's home textile hub, the Panipat market, also saw slightly better lifting from the consumer industry, but recycled yarn prices did not show significant movement. Raw materials like cotton comber were traded at higher prices by ₹3-4 per can, following the trend in cotton last week. A trader from Panipat market mentioned that mills are now able to sell their new production, which was previously going into stock. Although there was a slight increase in buying, strong seasonal demand remains elusive.

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 ₹94-100 (approximately 1.12-1.29) per kg and 30s recycled PC yarn (Grey) at ₹125-130 (approximately $1.49-1.55) per kg. Cotton comber prices were noted at ₹97-101 (approximately $1.04-1.20) per kg and recycled polyester fibre (PET bottle fibre) at ₹71-73 (approximately $0.81-0.87) per kg today.

In north India, cotton prices were stable amid thin trading, although lower Rajasthan saw slight gains due to better buying of high-quality material. Cotton prices increased by ₹15-25 per maund of 37.2 kg in the past few days, and by ₹500-700 per candy of 356 kg in lower Rajasthan over the last four days. Traders reported that mills are seeking good quality cotton, which is a favourable factor for the cotton market in lower Rajasthan, where cotton crops have not been affected by disease, unlike in other regions of north India.

Cotton arrivals were almost zero in Haryana, Punjab, and Rajasthan. However, stocked cotton was traded between buyers and sellers. Cotton prices in Punjab ranged from ₹5,740 to ₹5,750 (approximately $68.39-68.51) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,625 to ₹5,635 (approximately $67.02-67.14). In upper Rajasthan, cotton was priced between ₹5,450-₹5,750 (approximately $64.94-68.51) per maund. Bikaner line cotton sold for ₹5,750 to ₹5,800 (approximately $68.51-69.11) per maund. In lower Rajasthan, cotton was priced at ₹54,500 to ₹57,000 (approximately $649.38-679.17) 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)