Cotton yarn prices in Ludhiana dropped as mills offered better deals to prospective buyers. Demand was high as new export orders were received from many countries including China and Bangladesh. “Mills reduced yarn prices as cotton prices decreased. Demand was average but it is improving as compared to the previous weeks,” Gulshan Jain, a trader from Ludhiana, told Fashion2Fashion.
North India’s cotton yarn market witnessed improved trading activities today as new export orders continued to pour in. However, cotton yarn prices declined by ₹3 per kg in Ludhiana due to price parity. Traders said that mills were trying to lure buyers by reducing the prices after cotton prices decreased. There was a higher export demand for cotton yarn.
In Ludhiana, 30 count combed cotton yarn was sold at ₹275-285 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹265-275 per kg and ₹270-280 per kg respectively. Carded yarn of 30 count was steady at ₹250-260 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Cotton yarn prices were stable in Delhi amid average buying, while trading activities were limited due to muted demand from the downstream industry. A trader from Delhi market said that new export orders for cotton yarn improved market sentiments, however, there was no improvement in the garment segment. Global as well as local demand remained weak. Therefore, demand from the downstream industry did not pick up.
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 ₹280-285 per kg, as per TexPro.
Panipat’s recycled yarn market continued to witness a sluggish demand, but prices remained steady. Traders anticipate a higher supply of cotton comber as spinning mills are expected to increase their production after the new export orders. Comber prices did not ease even during the arrival season which was the main trouble for Panipat’s home furnishing industry.
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 ₹145-150 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were noted at ₹150-155 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹80-82 per kg.
North India’s cotton prices noted a bearish trend. The prices eased by ₹25-50 per maund of 37.2 kg due to weak demand. According to local traders, cotton arrival was slightly higher at 12,000 bales of 170 kg each in north India. Cotton was traded at ₹6,150-6,275 per maund in Punjab, ₹6,150-6,300 per maund in Haryana and ₹6,350-6,425 per maund in upper Rajasthan, and ₹60,500-62,500 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)