In Ludhiana, cotton yarn prices continued to trend lower, reflecting a persistently bearish market sentiment. The lack of improved buying interest from consumer industries and exporters contributed to the weak trend. A Trader from Ludhiana market told Fibre2Fashion, “The market has not yet seen the end of the bearish tone. Buyers remain reluctant to make new deals as they do not anticipate an improvement in fabric purchasing.”
Cotton yarn trade in north India started on a subdued note with prices dipping in Ludhiana and Delhi.
However, increased enquiries in Delhi bring hope for recovery.
Ludhiana experiences a persistent bearish market with hesitant buyers.
Panipat’s recycled yarn market is quiet with sluggish demand.
Cotton prices are falling due to reduced buying from mills.
In Ludhiana, the price for 30 count cotton combed yarn was between ₹260-270 per kg (GST inclusive), while 20 and 25 count combed yarns traded between ₹250-255 per kg and ₹255-260 per kg respectively. Carded yarn of 30 count traded at ₹240-250 per kg, according to Fibre2Fashion’s TexPro market insight tool.
Meanwhile, in Delhi, although the cotton yarn prices also weakened, traders remained hopeful of better buying at the lower prices. A trader from the Delhi market told F2F, “The market is experiencing stable demand due to increased trade enquiries, which could potentially boost market demand. The current prices are more attractive for buyers.” The prices of cotton yarn fell by ₹3-5 per kg over the last couple of days. The 30 count combed yarn was traded at ₹260-265 per kg (GST extra), 40 count combed at ₹285-290 per kg, 30 count carded at ₹232-237 per kg and 40 count carded at ₹262-267 per kg, according to TexPro.
The market for recycled yarn in Panipat was quiet, with buyers acting cautiously when making new purchases. The market for recycled yarn has been facing sluggish demand from both domestic and international markets. Traders are uncertain about the level of demand during the upcoming festival season, which is set to begin next month.
In Panipat, 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) ₹48-52 per kg, 20s recycled PC yarn (grey) at ₹92-97 per kg and 30s recycled PC yarn (grey) at ₹135-140 per kg. Comber prices was hovering at ₹120-122 per kg. Recycled polyester fibre (PET bottle fibre) noted at ₹69-72 per kg.
Despite the reduced cotton supply and stocks held by ginning mills, cotton prices in north India continued to decline. Reduced buying from spinning mills has resulted in losses for the natural fibre. Traders indicated that cotton yarn prices fell by a further ₹50-75 per maund of 37.2 kg. Cotton arrivals dropped to just one thousand bales of 170 kg. Market estimates suggest that ginners have a stock of 150,000 bales, which is lower than the average for this time in the cotton marketing season. Cotton traded at ₹5,800-5,900 per maund in Punjab, ₹5,550-5,600 per maund in Haryana, and ₹5,900-6,000 per maund in upper Rajasthan. Lower Rajasthan saw the natural fibre being sold at ₹54,500-56,000 per candy (356 kg).
Fibre2Fashion News Desk (KUL)