The Ludhiana market noted an upward trend in cotton yarn prices. The intermediary raw material was traded at a higher rate of ₹4 per kg. A trader from the Ludhiana market told Fibre2Fashion, “Spinning mills are confident about higher demand in the near future. They have ceased or reduced the discounts they provide to buyers, demonstrating their confidence.”
Cotton yarn prices in north India have risen due to heightened demand and increased cotton prices.
The yarn traded ₹4 per kg higher in Ludhiana and Delhi markets, with traders expecting the trend to continue due to a higher minimum support price for the upcoming cotton season.
Overall cotton prices continue to surge across Punjab, Haryana, and Rajasthan.
The 30-count cotton combed yarn was sold at ₹257-267 per kg (GST inclusive), while the 20 and 25 count combed yarn were traded at ₹246-251 per kg and ₹251-256 per kg, respectively in Ludhiana. The carded yarn of 30 count was noted at ₹236-246 per kg, according to Fibre2Fashion’s market insight tool TexPro.
The Delhi market also reported a rise in cotton yarn prices, driven by higher demand. A trader from the Delhi market told F2F, “The market was anticipating support from the downstream industry due to the upcoming festival season. It finally received that support, as buying interest increased. It will be critical to see whether this positive trend will persist in the coming weeks.” The steady demand will reassure the market about the future trend.
As per TexPro, the 30 count combed yarn was traded at ₹264-266 per kg (GST extra), 40 count combed at ₹294-296 per kg, 30 count carded at ₹236-240 per kg and 40 count carded at ₹266-270 per kg in Delhi.
However, not much activity was observed in the Panipat market’s recycled yarn segment. The prices of recycled yarn and its raw materials remained stable. Cotton comber and recycled polyester fibre prices remained steady. According to trade sources, the industry is sitting on a large inventory and has over-production capacity, which is negatively affecting market sentiment.
In Panipat, the 10s recycled PC yarn (grey) was traded at ₹77-82 per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (black) at ₹50-54 per kg, 20s recycled PC yarn (grey) at ₹92-97 per kg, and 30s recycled PC yarn (grey) at ₹135-145 per kg. Comber prices hovered at ₹180-120 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹71-73 per kg.
North Indian cotton prices continue to rise due to the increased demand from spinning mills. According to trade sources, mills are experiencing a higher demand from the weaving industry, and they are confident about seeing an increase in the value of this natural fibre. Cotton prices were ₹25-75 per maund (37.2 kg) higher than the previous week. The natural fibre was traded at ₹5,950-6,050 per maund in Punjab, ₹5,800-5,900 per maund in Haryana and ₹6,050-6,200 per maund in upper Rajasthan. In lower Rajasthan, the natural fibre was sold at ₹55,700-57,200 per candy (356 kg).
Fibre2Fashion News Desk (KUL)