In Ludhiana, the market had a bearish tone while cotton yarn prices stayed at previous levels. The garment industry shifted towards polyester spun yarn and PC yarn to manage production costs. A trader from Ludhiana’s market told Fibre2Fashion, “Polyester spun yarn is being imported from Indonesia and other countries in large quantities. Garment units are shifting toward cheaper raw materials, expecting better margins from non-cotton garments.” Cotton yarn prices remained unchanged.
North Indian cotton yarn prices remained stable due to challenges in the textile value chain and weak demand from the weaving industry.
Spinners faced higher costs for natural fibres but couldn’t pass on the increased production costs.
Imports of polyester spun yarn dampened market sentiment, and recycled yarn markets saw steady PC yarn prices.
In Ludhiana, 30 count cotton combed yarn was sold at ₹278-288 per kg (GST inclusive); 20 and 25 count combed yarn were traded at ₹268-278 per kg and ₹272-282 per kg respectively; and carded yarn of 30 count was noted at ₹257-267 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Delhi’s market also experienced stagnant cotton yarn prices due to bearish demand. “Global macroeconomic conditions have negatively impacted market prospects. The domestic textile industry cannot survive on domestic demand alone, as they lakhs of spindles for the production of yarn. Export demand is not likely to increase in the near future,” a trader from Delhi’s market told F2F.
In Delhi, 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, according to TexPro.
In Panipat, the recycled yarn market saw stability in cotton comber and recycled polyester fibre prices, which are essential raw materials for India’s largest home furnishing hub. The market faced a slowdown in purchasing from the home furnishing value chain, with trade sources indicating that global demand had eased in the last six months. Domestic demand is expected to pick up after July.
In Panipat, 10s recycled PC yarn (grey) was traded at ₹85-90 per kg (GST extra); 10s recycled PC yarn (black) was traded at ₹60-65 per kg; 20s recycled PC yarn (grey) at ₹95-100 per kg; and 30s recycled PC yarn (grey) at ₹150-155 per kg. Comber prices were noted at ₹150-152 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹78-80 per kg.
North Indian cotton prices softened after a recent uptrend, with cotton arrivals and demand remaining stable. Spinners were cautious about buying, as they were unable to raise yarn prices due to low demand. Cotton arrival was limited to 7,000 bales of 170 kg in North India. Cotton was traded at ₹6,325-6,425 per maund in Punjab, ₹6,320-6,420 per maund in Haryana and ₹6,525-6,625 per maund in upper Rajasthan and at ₹60,800-62,800 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)