Meanwhile, the Panipat market has noticed stability in yarn prices, but there is still a shortage of comber and other raw materials. Despite a slight improvement in export orders, US buyers are placing orders in limited quantities, and the market remains challenging.
Cotton yarn prices in north India have decreased due to poor demand from downstream industries, leading to a shift towards cheaper alternatives like polyester and viscose.
Ludhiana saw a drop in prices due to slow buying from downstream industries, while Delhi witnessed stable prices with sluggish demand.
Panipat market noticed stability in prices.
Cotton yarn prices in the Ludhiana market fell due to slow buying from downstream industries and a shift towards polyester yarn. “Cotton yarn export demand could not pick up during the entire season as Indian exporters are unable to get orders due to costlier cotton. Demand from the downstream industry further slowed down as fabric and garment units are shifting towards polyester and PC based raw materials. The seasonal shift towards polyester and PC is also hurting the cotton yarn market,” a trader from Ludhiana market told Fibre2Fashion.
In Ludhiana, 30 count cotton combed yarn was sold at ₹277-287 per kg (GST inclusive), while 20 and 25 count combed yarn were traded at ₹267-277 per kg and ₹270-280 per kg, respectively. Carded yarn of 30 count was noted at ₹255-265 per kg, according to Fibre2Fashion’s market insight tool TexPro.
The Delhi market saw stable cotton yarn prices as demand remained sluggish due to downstream industries’ inability to pass on production costs to buyers. Traders noted that buyers were not comfortable with current raw material prices. Export demand for garments and clothing is unlikely to improve in the near future. As per TexPro, 30 count combed yarn was traded at ₹280-285 per kg (GST extra), 40 count combed at ₹305-310 per kg, 30 count carded at ₹255-260 per kg, and 40 count carded at ₹285-290 per kg.
The market for recycled yarn in Panipat remained stable due to limited demand. Some sources said that US buyers were placing orders for home furnishing products, but this was not enough to improve market sentiment. The market was optimistic about better orders in the coming months, but there was a shortage of raw materials. The price of 10s recycled PC yarn (grey) was ₹85-90 per kg (GST extra); 10s recycled PC yarn (black) was ₹60-65 per kg; 20s recycled PC yarn (grey) was ₹95-100 per kg; and 30s recycled PC yarn (grey) was ₹150-155 per kg. Comber prices were noted at ₹150-152 per kg and recycled polyester fibre (PET bottle fibre) was noted at ₹78-80 per kg.
Today, north Indian cotton prices saw a slight improvement after falling in the second half of last week. This was due to a decrease in cotton arrival as farmers shifted their focus to wheat and other Rabi crops, leading to a postponement in the sale of cotton for this month. The demand from spinners remained slow as downstream industries shifted to cheaper fibres like polyester and viscose. Cotton arrival fell from 7,000 bales of 170 kg to 6,000 bales in north India. Cotton traded at ₹6,230-6,330 per maund in Punjab, ₹6,250-6,350 per maund in Haryana, and ₹6,450-6,550 per maund in upper Rajasthan. In lower Rajasthan, cotton was sold at ₹60,200-62,200 per candy of 356 kg.
Fibre2Fashion News Desk (KUL)