North Indian cotton yarn steady, discounts cease amid ICE cotton surge

The Delhi market saw stability in cotton yarn prices, with an improvement in sentiments following the rise in the natural fibre. A trader from the Delhi market told Fibre2Fashion, "Mills have stopped discounts offered to attract potential bulk buyers. Stronger cotton has increased market confidence in recent times. However, the market prices did not see much improvement."

In this market, 30 count combed knitting yarn was traded at ₹260-265 (approximately $3.11-3.17) per kg (GST extra), 40 count combed at ₹280-288 (approximately $3.35-3.45) per kg, 30 count carded at ₹235-240 (approximately $2.81-2.87) per kg, and 40 count carded at ₹265-268 (approximately $3.17-3.21) per kg today.

Cotton yarn was sold at previous prices in the Ludhiana market as well. There was no change in market sentiments. According to trade sources, fabric imports at lower prices were dampening market sentiments. Chinese suppliers are dumping polyester fabric at lower prices despite recently introduced tough conditions. Although mills are trying to hold the ground in the yarn market after the rise in cotton prices.

In Ludhiana, 30 count cotton combed yarn was sold at ₹262-272 (approximately $3.18-3.30) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹252-262 (approximately $3.06-3.18) per kg and ₹257-267 (approximately $3.12-3.24) per kg, respectively; and carded yarn of 30 count was noted at ₹242-247 (approximately $2.94-3.00) per kg today, according to trade sources.

India’s home textile hub Panipat witnessed very thin trade as Haryana is bound for voting on May 25. According to trade sources, traders were busier in political debate rather than deals in cotton yarn. Sporadic trade deals were finalised at the present prices. However, cotton comber and recycled polyester staple fibre eased ₹2-3 per kg in the last couple of days.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.94-0.98) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹53-56 (approximately $0.64-0.67) per kg, 20s recycled PC yarn (Grey) at ₹90-95 (approximately 1.08-1.14) per kg and 30s recycled PC yarn (Grey) at ₹128-132 (approximately $1.54-1.58) per kg. Cotton comber prices were noted at ₹108-111 (approximately $1.30-1.33) per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹72-75 (approximately $0.86-0.90) per kg today.

In North India, cotton prices gained by ₹50 per maund of 37.2 kg after a strong bounce back in ICE cotton prices. Although local mills were not very active in cotton buying, higher prices in ICE cotton support local prices of the natural fibre. Traders said that the domestic cotton market was influenced by rising ICE cotton prices despite normal demand from spinning mills. Ginners hoped to see good prices, which discouraged them from selling their stock at present levels.

Today’s arrival was 1,400 bales of 170 kg. State-wise arrivals were noted as Haryana 1,000 bales, upper Rajasthan 200, and lower Rajasthan 200 bales. Cotton arrival was almost nil in Punjab. Cotton prices in Punjab ranged from ₹5,775 to ₹5,800 (approximately $69.36-69.66) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,700 to ₹5,800 (approximately $68.46-69.66). In upper Rajasthan, cotton was priced between ₹5,550 and ₹5,800 (approximately $66.66-69.66) per maund. Bikaner line cotton sold for ₹5,850 to ₹5,900 (approximately $70.26-70.86) per maund. In lower Rajasthan, cotton was priced at ₹54,500 to ₹57,000 (approximately $654.60-684.63) 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)