Cotton yarn eases in north India as demand still elusive

Meanwhile, Panipat’s recycled yarn market also noted weak trend as demand from downstream industry was still weak. However, cotton prices improved in north Indian states.

Delhi market noted bearish demand from the weaving industry and prices of cotton yarn declined by ₹3-4 per kg. A trader from Delhi market told Fibre2Fashion, “The market did not see better buying from weaving industry. Weaving industry was facing poor demand of fabric. Fabric manufacturers did not want to build stock amid uncertain market conditions.” 30 count combed yarn was traded at ₹256-261 per kg (GST extra), 40 count combed at ₹287-292 per kg, 30 count carded at ₹232-236 per kg and 40 count carded at ₹262-267 per kg, according to Fibre2Fashion’s market insight tool TexPro.

Panipat’s recycled yarn market noted steady trend in recycled yarn and raw material prices. Cotton comber and recycled polyester fibre prices were stable at previous prices. In Panipat, 10s recycled PC yarn (Grey) was traded at ₹74-78 per kg (GST Paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) ₹49-52 per kg, 20s recycled PC yarn (Grey) at ₹90-95 per kg and 30s recycled PC yarn (Grey) at ₹133-142 per kg. However, cotton comber prices were noted at ₹117-118 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹70-71 per kg.

Ludhiana market witnessed downward trend in cotton yarn prices amid slow buying from downstream industry. Cotton yarn prices slipped by ₹1-2 per kg in the market. Seasonal demand from garment manufacturers was still absent. A trader from Ludhiana market told F2F, “Mostly buyers were still ‘hand-to-mouth’ as they were holding their large purchase to catch bottom price.” 30 count cotton combed yarn was sold at ₹255-265 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹245-255 per kg and ₹250-260 per kg respectively. Carded yarn of 30 count was noted at 235-240 per kg, as per TexPro.

Meanwhile, cotton prices gained slightly in north India because of negligible arrival in Punjab. Ginning mills had gone on indefinite strike from today as the state government has served notices to ginning mills for the recovery of pending tax of several years which amounted to crores of rupees. However, total arrival in north India remained flat at 27,000 bales of 170 kg as supply loss in Punjab was compensated with increase in arrival in lower Rajasthan. Traders said that mills were buying cotton on regular basis despite bearish tone in yarn trade.

North India’s cotton arrival was noted at 27,000 bales each of 170 kg. State-wise arrival was noted as: Haryana 8,000 bales, upper Rajasthan 8,000 and lower Rajasthan 11,000 bales. The prices improved by ₹25-30 per maund of 37.2 kg. Cotton was priced in Punjab at ₹5,675-5,775 per maund, Haryana ₹5,675-5,775, Upper Rajasthan ₹5,475-5,675. The natural fibre was priced at ₹55,000-56,500 per candy of 356 kg in lower Rajasthan. Cotton was traded ₹100-150 per maund higher in Bikaner line in comparison to Sri Ganganagar market.

Fibre2Fashion News Desk (KUL)