Sluggish demand in north India's cotton yarn market, prices stable

Cotton yarn prices remained steady in the Delhi market, but demand was slow as buyers were cautious about new deals. A trader from the Delhi market told Fibre2Fashion, "The entire textile value chain is lacking confidence in demand. It is causing a liquidity crunch in the market for buying new stocks."

In Delhi, 30 count combed knitting yarn was traded at ₹266-268 (approximately $3.19-3.21) per kg (excluding GST), 40 count combed at ₹286-293 (approximately $3.43-3.51) per kg, 30 count carded at ₹241-243 (approximately $2.89-2.91) per kg, and 40 count carded at ₹266-269 (approximately $3.19-3.22) per kg today.

The Ludhiana market also witnessed stability in cotton yarn prices due to slow demand. Buyers remained absent from the market. According to trade sources, spinning mills are trying hard to maintain yarn prices at current levels, but rising cotton prices demand an increase in product prices. Spinning mills are facing slow demand from the fabric industry and rising cotton prices. Trade sources said that cotton stockists, ginners, and MNCs expect higher prices, but the fundamentals do not support the same.

In Ludhiana, 30 count cotton combed yarn was sold at ₹265-275 (approximately $3.18-3.30) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹255-265 (approximately $3.06-3.18) per kg and ₹260-270 (approximately $3.12-3.24) per kg, respectively; and carded yarn of 30 count was noted at ₹245-250 (approximately $2.94-3.00) per kg today, according to trade sources.

India’s home textile hub, the Panipat market, also noted stability in recycled yarn and its raw materials. Slow demand from the home textile industry was the main factor in the price fall. Market experts said that buyers were cautious after the rise in prices. They are buying recycled yarn but in limited quantities. Recycled PC yarn prices were steady in the Panipat market.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹80-84 (approximately $0.96-1.01) 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 $1.13-1.20) per kg, and 30s recycled PC yarn (Grey) at ₹130-135 (approximately $1.56-1.62) per kg. Cotton comber prices were noted at ₹106-108 (approximately $1.27-1.29) per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹78-82 (approximately $0.93-0.98) per kg today.

In north India, cotton prices increased by ₹25 per maund of 37.2 kg as the arrival season is coming to an end. Traders said that stockists and ginners are not ready to sell their stock at current prices. They expect higher prices at the end of the current cotton marketing season. The market noted limited trade due to lower arrivals.

Today's arrivals were 500 bales of 170 kg in north India. State-wise arrivals were as follows: 400 bales in Haryana, 50 bales in upper Rajasthan, and 50 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,975 to ₹6,000 (approximately $71.44-71.74) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,875 to ₹5,900 (approximately $70.25-70.55). In upper Rajasthan, cotton was priced between ₹5,700 and ₹6,000 (approximately $68.15-71.74) per maund. Bikaner line cotton sold for ₹5,975 to ₹6,075 (approximately $71.44-72.64) per maund. In lower Rajasthan, cotton was priced at ₹55,200 to ₹58,200 (approximately $660.02-695.89) 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)