Cotton yarn prices hovered at previous levels as tight payment conditions suppressed demand. The market is hopeful that colder weather will help improve payment flow. A trader from Ludhiana market told Fibre2Fashion, “Demand for summer garments is expected to pick up in the coming week. Extreme cold may increase demand for woollen garments and improve payment flow in the textile market. Better payment flow will likely drive cotton yarn demand as temperatures drop in the coming days.”
In Ludhiana, 30 count cotton combed yarn was sold at ₹258-268 (approximately $3.06-3.18) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹248-258 (approximately $2.94-3.06) per kg and ₹253-263 (approximately $3.00-3.12) per kg, respectively; and carded yarn of 30 count was noted at ₹238-243 (approximately $2.82-2.88) per kg today, according to trade sources.
Delhi’s cotton yarn prices also remained stable amid average demand, though export demand was weak. The market relies heavily on exports, and sources noted that India’s cotton prices are higher than those in the global market, hurting demand for Indian yarn, fabric, and garments. However, demand for summer garments remains steady, and fabric and garment manufacturers are shifting their focus to summer demand.
In Delhi, 30 count combed knitting yarn was traded at ₹260-262 (approximately $3.08-3.10) per kg (GST extra), 40 count combed at ₹282-290 (approximately $3.34-3.44) per kg, 30 count carded at ₹237-239 (approximately $2.81-2.83) per kg, and 40 count carded at ₹262-265 (approximately $3.11-3.14) per kg today.
In Panipat, recycled polyester fibre saw a gain of ₹1 per kg, but cotton comber and recycled yarn prices remained stable. Traders noted that recycled polyester fibre manufacturers face a raw material shortage, as polyester chips are being exported from India. Polyester chip is an intermediary product between PET bottles and polyester fibre. Despite this, recycled yarn traded steadily, and cotton comber prices remained unchanged. Overall, demand is slow for all items except winter garments and blankets.
In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.92-0.97) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.63-0.66) 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 $1.54-1.60) per kg. Cotton comber prices were noted at ₹100-102 (approximately $1.18-1.21) per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹78-82 (approximately $0.92-0.97) per kg today.
In north India, cotton prices eased by ₹50-60 per maund of 37.2 kg over the past week, following seasonal trends and an easing in ICE cotton prices. However, the region is seeing limited cotton arrivals, as farmers are reluctant to bring their crop to market. Ginners are also cautious due to price disparities. According to a trader, farmers are not eager to sell cotton as they have already met their financial needs during the festival season by selling other crops. Currently, they are more inclined to sell paddy at government procurement centres.
North India’s cotton arrivals decreased to 15,700 bales of 170 kg, with 700 bales in Punjab, 5,000 bales in Haryana, 5,000 bales in upper Rajasthan, and 5,000 bales in lower Rajasthan. In Punjab, cotton prices ranged from ₹5,620 to ₹5,630 (approximately $66.58-66.70) per maund of 37.2 kg. In Haryana, prices ranged from ₹5,610 to ₹5,620 (approximately $66.46-66.58). In upper Rajasthan, cotton was priced between ₹5,620-₹5,630 (approximately $66.58-66.70) per maund, while in lower Rajasthan, it was priced at ₹53,300 to ₹54,300 (approximately $631.45-643.30) per candy of 356 kg. Seed cotton prices were noted at ₹7,500-7,800 (approximately $92.44-96.00) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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