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Ludhiana market noticed bearish buying of cotton yarn, but prices remained unchanged. A local trader told Fibre2Fashion, “Weaving industry was adopting a wait and watch policy to confirm future demand from the garment industry. But there was optimism for improvement in demand.” In Ludhiana, 30 count cotton combed yarn was sold at ₹394-399 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹380-385 per kg and ₹385-390 per kg respectively. Carded yarn of 30 count was quoted at ₹345-350 per kg.
North India’s yarn market witnessed stability in prices because of average buying from the weaving industry. Cotton yarn was traded at the same level in Delhi and Ludhiana. Panipat’s recycled yarn prices were also stable. Traders expect better demand after some time, as arrival of kharif crops will support the textile value chain and the country’s economy.
Delhi market witnessed stability in yarn prices amid average demand. Traders said that local as well as export demand is yet to pick up. Festival demand is yet to kickstart. A trader said that buyers were lifting cotton yarn for immediate consumption only. 30 count combed yarn was traded at ₹385-390 per kg (GST extra), 40 count combed at ₹425-430 per kg, 30 count carded at ₹345-350 per kg and 40 count carded at ₹380-385 per kg, as per TexPro.
Panipat market is yet to receive signals for better demand, despite the approaching festival season. The market noted a steady trend in prices of recycled yarn amid bearish demand. According to trade sources, festival demand is yet to pick up. Consumers are facing difficulty in sparing money for discretionary buying like clothing. However, the kharif crop arrival is a silver line for the market. Rural and semi-urban India can get better economic activities when new arrivals of kharif crops begin this month. It will provide money in the hands of end users to purchase discretionary items including textiles. Recycled yarn prices are stable as traders, stockists and mills were not interested to cut prices. But cotton comber prices decreased by ₹4-5 per kg. In Panipat market, 30 count recycled yarn was sold at ₹160-165 per kg (excluding GST). 10s recycled yarn (white) was traded at ₹90-95 per kg (excluding GST), 10s recycled yarn (coloured – high quality) at ₹110-115 per kg, 10s recycled yarn (coloured – low quality) at ₹85-90 per kg and 20s recycled high-quality PC yarn (coloured) at ₹120-125 per kg. 10s optical yarn was traded at ₹100-110 per kg in the market. Comber prices were ruling at ₹135-140 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹88-91 per kg.
New cotton prices remained bearish in north India as mills’ buying was limited. Higher moisture kept buyers away from the market. Moisture is a little high at 12-14 per cent, while acceptable moisture is 8-10 per cent. New cotton is arriving in most of Haryana’s mandis. Punjab’s mandis are also receiving initial supplies. Traders are dealing in forward trade for October delivery. New cotton was traded at ₹9,000-9,200 per maund of 37.2 kg for ready delivery in Punjab and Haryana. October delivery deals were finalised at ₹8,000-8,100 per maund. Forward deals are taking place in upper Rajasthan at the same prices.
Fibre2Fashion News Desk (KUL)
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