Thin cotton yarn trade in north India; market eyes post-Holi recovery

Cotton prices increased further by ₹10 per maund (37.2 kg) due to rising buying interest and stronger ICE cotton. Traders stated that north India’s J-34 variety of cotton may continue to see steady demand from spinning mills in the coming months. Cotton prices could rise significantly in the months ahead if global demand improves.

The Ludhiana market witnessed limited trade in cotton yarn, as buyers and sellers showed little interest in new deals. Most counts and varieties of cotton yarn were traded at stable prices. A trader from Ludhiana told Fibre2Fashion, “Today, people are in a festive mood. They are not keen on making new deals. After Holi, cotton yarn trade may remain slow for the next two weeks. However, at the beginning of the next fiscal in April, buying interest is likely to pick up. Buyers will rush to the market when they see a more comfortable payment flow.”

In Ludhiana, 30 count cotton combed yarn was sold at ₹259-269 (approximately $2.98-3.09) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹249-259 (approximately $2.86-2.98) per kg and ₹254-264 (approximately $2.92-3.03) per kg, respectively; and carded yarn of 30 count was noted at ₹239-244 (approximately $2.75-2.80) per kg today, according to trade sources.

The Delhi market also saw limited buying interest due to Holi celebrations. There was no movement in cotton yarn prices today. According to market sources, demand was average to thin as buyers were in a festive mood. Cotton yarn prices remained stable, and the market is likely to gain direction next month.

In Delhi, 30 count combed knitting yarn was traded at ₹259-260 (approximately $2.98-2.99) per kg (GST extra), 40 count combed at ₹284-285 (approximately $3.26-3.27) per kg, 30 count carded at ₹233-235 (approximately $2.68-2.70) per kg, and 40 count carded at ₹258-260 (approximately $2.96-2.99) per kg today.

India’s home textile hub, Panipat, also witnessed stability in recycled yarn and raw materials. The market observed thin trade today, as buyers and sellers were disinterested in new deals. Everyone was enjoying Holi and its colours. According to market sources, trade dynamics may not change immediately after Holi. Payment constraints and annual financial closures are key factors that may dampen demand for recycled yarn. However, summer demand for home textiles is expected to improve next month, with demand for cotton bed sheets increasing in north Indian states.

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹75-78 (approximately $0.86-0.90) per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹52-55 (approximately $0.60-0.63) per kg, 20s recycled PC yarn (Grey) at ₹95-99 (approximately 1.09-1.14) per kg and 30s recycled PC yarn (Grey) at ₹128-134 (approximately $1.47-1.54) per kg. Cotton comber prices were noted at ₹103-106 (approximately $1.18-1.22) per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹79-83 (approximately $0.91-0.95) per kg today.

In north India, cotton prices increased further by ₹10 per maund (37.2 kg), as cotton arrivals declined while buying momentum picked up. A stronger ICE cotton market also encouraged mills to increase their purchasing activity. Cotton prices have risen by ₹70-80 per maund over the past two weeks. Traders noted that ginning mills are attempting to build up their cotton stock, while spinning mills are also looking to buy more raw fibre. A trader mentioned that north India’s J-34 variety of cotton may continue to see strong demand due to its superior quality specifications. This variety is priced slightly lower than the Shanker-6 variety from Gujarat. Cotton arrivals declined further from 7,300 bales to 5,200 bales today due to the Holi festival.

North India’s cotton arrivals totalled 5,200 bales of 170 kg, comprising 200 bales in Punjab, 2,000 bales in Haryana, 2,000 bales in upper Rajasthan, and 1,000 bales in lower Rajasthan. Cotton prices in Punjab ranged from ₹5,550 to ₹5,560 (approximately $63.76-63.87) per maund (37.2 kg), while in Haryana, prices ranged from ₹5,530 to ₹5,550 (approximately $63.54-63.76). In upper Rajasthan, cotton was priced between ₹5,560 and ₹5,580 (approximately $63.87-64.10) per maund. In lower Rajasthan, prices ranged from ₹52,700 to ₹53,900 (approximately $605.39-619.18) per candy (356 kg). Meanwhile, seed cotton was priced at ₹7,100-7,300 (approximately $81.56-83.86) per quintal (100 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)