Cotton yarn prices reached further lower levels in the Delhi market, declining by ₹2 per kg due to weak demand and selling pressure for liquidity management. The market had already seen a fall of ₹2 per kg in cotton yarn prices at the beginning of the current week. A trader from Delhi told Fibre2Fashion, “There was pressure on stockists and mills to offer lower prices as they were trying to increase their liquidity levels before Diwali. Mills need more liquidity before the festival, which forced them to offer lower prices. Stockists and traders were also trying to sell their stock.”
In Delhi, 30 count combed knitting yarn was traded at ₹263-266 (approximately $3.13-3.16) per kg (GST extra), 40 count combed at ₹285-293 (approximately $3.39-3.49) per kg, 30 count carded at ₹240-242 (approximately $2.85-2.88) per kg, and 40 count carded at ₹265-267 (approximately $3.15-3.18) per kg today.
Cotton yarn prices remained steady in the Ludhiana market after easing at the beginning of the week. There was very little trade of cotton yarn ahead of the Diwali festival, which is considered a bumper retail sales occasion for several consumer products. According to trade sources, there is still time for retail sales of garments and other textile products. Neither buyers nor sellers are currently interested in trading cotton yarn. It is hoped that the market may see higher demand after Diwali.
In Ludhiana, 30 count cotton combed yarn was sold at ₹265-270 (approximately $3.15-3.21) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹250-260 (approximately $2.97-3.09) per kg and ₹255-265 (approximately $3.03-3.15) per kg, respectively; and carded yarn of 30 count was noted at ₹240-245 (approximately $2.85-2.91) per kg today, according to trade sources.
India’s home textile hub, Panipat, also saw stability in recycled yarn, cotton comber, and recycled polyester fibre. Traders said that the demand for raw materials like yarn and fibre from the downstream industry is cooling down before the festival, as there is a focus on the sale of consumer products.
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 ₹96-102 (approximately 1.14-1.21) per kg and 30s recycled PC yarn (Grey) at ₹130-135 (approximately $1.55-1.61) per kg. Cotton comber prices were noted at ₹100-102 (approximately $1.19-1.21) per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹75-80 (approximately $0.89-0.95) per kg today.
In north India, cotton prices were slightly down due to sluggish demand from spinning mills. Cotton arrivals were steady, but mills are cautious about buying. Trade sources said that north India grows a small portion of the national cotton output. However, this area receives cotton earlier in the season. Therefore, mills are buying cotton, though in limited quantities. Cotton arrivals are expected to peak after Diwali.
North India’s cotton arrivals increased to 12,000 bales of 170 kg, comprising 1,000 bales in Punjab, 5,000 bales in Haryana, 2,500 bales in upper Rajasthan, and 3,500 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,810 to ₹5,820 (approximately $69.11-69.23) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,800 to ₹5,810 (approximately $68.99-69.11). In upper Rajasthan, cotton was priced between ₹5,810 and ₹5,820 (approximately $69.11-69.23) per maund. In lower Rajasthan, it was priced at ₹55,000 to ₹56,000 (approximately $654.22-666.11) per candy of 356 kg. Seed cotton was priced at ₹7,300-7,800 (approximately $86.83-92.78) per quintal of 100 kg.
ALCHEMPro News Desk (KUL)
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