Cotton yarn prices ease in Ludhiana; demand sluggish in north India

Ludhiana market’s cotton yarn prices fell by ₹3 per kg due to sluggish demand from the weaving industry. “The entire textile value chain is sandwiched between higher cotton prices and lower demand from the garment industry. Higher prices in the domestic market also became a hurdle in the export of yarn and cotton,” a trader from Ludhiana market told Fibre2Fashion. 

North India’s cotton yarn prices eased in Ludhiana today due to low demand, while prices remained stable in Delhi. According to the traders, demand for apparel is not picking up in domestic and export markets. Disparity in cotton prices was also a hurdle in the export of yarn and cotton. Panipat noted a steady trend, but demand was slightly better.

In Ludhiana, 30 count cotton combed yarn was sold at ₹282-292 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹272-282 per kg and ₹277-287 per kg respectively. Carded yarn of 30 count steadied at ₹257-267 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Delhi, yarn prices remained steady as the weaving industry was not buying enough yarn. Domestic and export demand of cotton yarn remained low. A trader from Delhi market said that there were no indications of improvement in buying. In the market, 30 count combed yarn was traded at ₹290-295 per kg (GST extra), 40 count combed at ₹320-325 per kg, 30 count carded at ₹270-275 per kg and 40 count carded at ₹305-310 per kg, as per TexPro. 

Polyester-cotton (PC) recycled yarn remained stable, but trading activities witnessed an improvement. According to trade sources, after sluggish buying in the value chain of home textiles, buyers came ahead to replenish their stocks. 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 further increased to ₹150-155 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹75-77 per kg. Dearer cotton comber supported cotton and polyester-cotton yarn prices. 

North India’s cotton prices increased by ₹50-125 per maund of 37.2 kg as arrival reduced slightly. The arrival was noted at 21,000 bales of 170 kg in north India. According to local traders, lower arrival is not allowing cotton prices to come down. Arrival season may be stretched up to May next year as farmers will release their stocks gradually. Cotton was traded at ₹6,625-6,675 per maund in Punjab, ₹6,550-6,625 per maund in Haryana and ₹6,750-6,800 per maund in upper Rajasthan and at ₹64,500-66,500 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)