Better export orders lift sentiments in north India cotton yarn market

In Delhi, cotton yarn prices were quoted down by ₹5-10 per kg compared to the beginning of this week. The prices softened after fall in cotton prices. But there was positivity in market as spinning mills received export orders from Bangladesh, Turkiye, Egypt, Latin America and some other countries. A trader from Delhi market told Fibre2Fashion, “Export orders for Indian cotton yarn grew after the recent fall in price of cotton. If the price of Indian cotton does not rise again, parity will boost export demand and market sentiments.” According to the market sources, cotton yarn 30 combed is traded at ₹260-265 per kg (ex-mill) for exports. Exports deals were heard at around $3.05 per kg (FOB). In the market, 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.

Ludhiana market noted steady trend in cotton yarn prices. However, market sentiments were better on report of export orders. A trader from Ludhiana market said that cotton yarn prices will find support if exporters continue to get orders from overseas markets. Domestic demand was average. There was limited trade in last week of 2022. 30 count cotton combed yarn was sold at ₹280-290 per kg (GST inclusive) as per TexPro. 20 and 25 count combed yarn were traded at ₹270-280 per kg and ₹275-285 per kg respectively. The price of carded yarn of 30 count steadied at ₹255-265 per kg.

Panipat’s recycled yarn market too witnessed limited trade and stable prices. Indian home textiles industry is facing scarcity of raw materials like comber and textile waste. According to the sources, Bangladesh and some other neighbouring countries reduced supply of textile waste as they prefer value addition within their own industry. However, demand from end consumers was still very poor. Recycled yarn prices were stable in the market. 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 30s recycled PC coloured (high quality) was 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, while the price of recycled polyester fibre (PET bottle fibre) was noted at ₹75-77 per kg.

Meanwhile, cotton prices increased further in north India. The prices inched up by ₹200-250 per maund of 37.2 kg because of fall in cotton arrival amid cold wave in the entire region. According to local traders, cotton arrival decreased to 11,000 bales of 170 kg each in north India. Cold wave and recent fall in prices discouraged farmers from selling. Cotton was traded at ₹6,025-6,125 in Punjab, ₹6,000-6,125 in Haryana and ₹6,200-6,300 per maund in upper Rajasthan. Cotton was sold at ₹58,000-59,500 per candy of 356 kg in lower Rajasthan.

Fibre2Fashion News Desk (KUL)