Buying of cotton yarn improves in north India; prices remain steady

North India’s cotton yarn witnessed improved buying today, but the prices remained stable. Spinning mills reduced production as they did not want yarn prices to decline. Buyers rushed to make fresh purchases as they thought cotton yarn prices had bottomed out. Meanwhile, Panipat’s recycled yarn market was facing a scarcity of raw materials. 

In Delhi, cotton yarn prices were stable, and demand was slightly better from traders and the weaving industry. “Buyers were keen on fresh buying as they thought the prices have bottomed out. Spinning mills have reduced production because they did not want to sell yarn at lower prices,” a trader from Delhi market told Fibre2Fashion. 

North India’s cotton yarn witnessed improved buying today, but the prices remained stable. Spinning mills reduced production as they did not want yarn prices to decline. Buyers rushed to make fresh purchases as they thought cotton yarn prices had bottomed out. Meanwhile, Panipat’s recycled yarn market was facing a scarcity of raw materials.

In Delhi, 30 count combed yarn was traded at ₹285-290 per kg (GST extra), 40 count combed at ₹315-320 per kg, 30 count carded at ₹260-265 per kg and 40 count carded at ₹295-300 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

Cotton yarn prices were stable in Ludhiana market too. The market did not witness much trade, but traders and mills have received better trade enquiry. A trader from Ludhiana market said that the demand from garment units has not improved yet but an increase in trade enquiries showed that market pipeline has emptied due to low buying in the last couple of weeks. In Ludhiana, 30 count cotton combed yarn was sold at ₹280-290 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹270-280 per kg and ₹275-285 per kg respectively. Carded yarn of 30 count steadied at ₹255-265 per kg, as per TexPro. 

Buying improved in Panipat’s recycled yarn market due to the improvement in finished home textiles, however, the prices of recycled yarn remained stable. Recycled yarn manufacturing mills are facing a scarcity of raw materials. According to trade sources, there was a scarcity of cotton comber and textile waste which are used as raw materials for recycled yarn. This textile waste is imported from Bangladesh but the supply from the neighbouring country has reduced as garment manufacturing slowed down amid weak demand from the global market. 

In Panipat, 10s recycled yarn (white) was traded at ₹90-95 per kg (GST extra). 10s recycled yarn (coloured – high quality) was traded at ₹105-110 per kg, 10s recycled yarn (coloured – low quality) at ₹80-85 per kg and 20s recycled PC coloured (high quality) at ₹110-115 per kg. 30 recycled PC coloured (high quality) at ₹150-155 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were noted at ₹150-155 per kg and recycled polyester fibre (PET bottle fibre) was noted at ₹75-77 per kg. 

North India’s cotton prices dropped by ₹250-350 per maund of 37.2 kg since Thursday as the demand from spinning mills weakened. The arrival was noted at 21,000 bales of 170 kg in north India. According to local traders, cotton arrival was stable, but prices decreased due to continued low demand from spinners and the downstream industry. Cotton was traded at ₹6,250-6,350 per maund in Punjab, ₹6,250-6,350 per maund in Haryana and ₹6,475-6,525 per maund in upper Rajasthan, and ₹61,500-63,000 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)