Cotton yarn gains in Ludhiana, demand better in north India

Ludhiana market witnessed higher prices of cotton yarn. Demand was better from both exports and domestic consumption. A trader from Ludhiana market told Fibre2Fashion, “There was better buying from weaving industry and stockists. Buyers were trying to book new deals as they expected price rise after recent gain in cotton prices.” 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 ₹260-270 per kg, according to Fibre2Fashion’s market insight tool TexPro.

In Delhi, cotton yarn prices were stable, but trading activities were better. A trader from Delhi market said that despite better trading activities, uncertainty persisted. Cotton yarn was traded steady. Sources said that the buyers were trying to get clearer picture of market trend. In Delhi market, 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.

Panipat’s recycled yarn market also noticed better buying, but prices maintained steady trend. Traders expected higher supply of raw material like cotton comber, recycled polyester fibre and textile waste. Recycled yarn market is watching market of virgin yarn for broader market direction. 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. The price of 30 recycled PC coloured (high quality) was ₹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. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹80-82 per kg.

North India’s cotton prices noted weakness amid slower demand from MNCs. After quick rise in last week, the prices eased by ₹50-75 per maund of 37.2 kg. According to local traders, higher prices after recent gains have discouraged buyers. MNCs were reluctant for buying at higher prices. Cotton arrival also increased to 14,000 bales of 170 kg in north India. Cotton was traded at ₹6,250-6,375 in Punjab, ₹6,250-6,400 in Haryana and ₹6,480-6,550 per maund in upper Rajasthan. Cotton was sold at ₹61,500-63,000 per candy of 356 kg in lower Rajasthan.

Fibre2Fashion News Desk (KUL)