North Indian cotton yarn trade hit by weak demand, Indo-Pak tensions

In Delhi, demand for cotton yarn has weakened, though prices have remained stable. Cotton yarn buying was limited, with buyers exercising caution. A trader from the Delhi market told Fibre2Fashion, “There is uncertainty in international trade due to US tariffs and rising tensions between India and Pakistan. These concerns have discouraged buyers from purchasing cotton yarn, as they prefer to wait for more clarity in the global trade situation.”

In Delhi, 30 count combed knitting yarn was traded at ₹260-261 (approximately $3.06-3.07) per kg (GST extra), 40 count combed at ₹285-286 (approximately $3.35-3.37) per kg, 30 count carded at ₹234-236 (approximately $2.75-2.78) per kg, and 40 count carded at ₹259-261 (approximately $3.05-3.07) per kg today.

Cotton yarn prices in Ludhiana also remained stable. However, buying activity from the downstream industry was slow due to the continued rise in cotton prices. According to market sources, spinning mills are struggling to pass on the higher cost of production to buyers. The ongoing India-Pakistan tension has further heightened concerns in the textile industry.

In Ludhiana, 30 count cotton combed yarn was sold at ₹258-268 (approximately $3.04-3.15) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹248-258 (approximately $2.92-3.05) per kg and ₹253-263 (approximately $2.98-3.10) per kg, respectively; and carded yarn of 30 count was noted at ₹238-243 (approximately $2.80-2.86) per kg today, according to trade sources.

India’s home textile hub, Panipat, saw stability in the prices of recycled yarn and its raw materials. Cotton comber prices had risen the previous week due to stronger fibre prices. Trade sources indicated that retail demand for home furnishing products was very weak, discouraging purchases across the textile value chain. Labour shortages also contributed to lower consumption of recycled yarn. However, the market continued to see seasonal demand for finer recycled yarn, particularly used in bed sheets in northern states.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (approximately $0.88-0.92) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹52-55 (approximately $0.61-0.65) per kg, 20s recycled PC yarn (Grey) at ₹95-99 (approximately 1.12-1.17) per kg and 30s recycled PC yarn (Grey) at ₹128-134 (approximately $1.50-1.57) per kg. Cotton comber prices were noted at ₹108-110 (approximately $1.27-1.29) per kg and recycled polyester fibre (PET bottle fibre) at ₹77-79 (approximately $0.91-0.93) per kg today.

In north India, cotton prices rose by up to ₹40 per maund of 37.2 kg over the last two trading sessions. Local cotton prices were supported by strong sentiment in ICE cotton futures. Although ICE cotton prices later eased for various reasons, domestic prices remained firm. According to trade sources, alongside strong global sentiment, lower domestic supply also supported prices. The Cotton Corporation of India (CCI) has procured a large stock of cotton, but small buyers face restrictions due to quantity limits and tough payment conditions. Their buying is supporting cotton prices in the open market.

North India’s cotton arrivals stood at 1,450 bales of 170 kg, comprising 50 bales in Punjab, 700 in Haryana, 500 in upper Rajasthan, and 200 in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,770 to ₹5,780 (approximately $67.91–68.03) per maund of 37.2 kg. In Haryana, prices ranged from ₹5,690 to ₹5,730 (approximately $66.97–67.44). In upper Rajasthan, prices ranged from ₹5,780 to ₹5,800 (approximately $68.03–68.27) per maund. In lower Rajasthan, prices ranged from ₹54,800 to ₹56,000 (approximately $644.99–659.12) 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)