Holi limits trade in north India, Cotton yarn prices up in Ludhiana

While the Ludhiana market witnessed slight gains in cotton yarn prices, trading was limited due to the festive mood. A trader from the Ludhiana market told Fibre2Fashion, "Spinning mills were aggressive in selling their production of cotton yarn, which further supported the rise in prices of the products. Cotton yarn prices increased by ₹2 per kg in the market." 

In Ludhiana, 30 count cotton combed yarn was sold at ₹285-295 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹275-285 per kg and ₹280-290 per kg, respectively. Carded yarn of 30 count steadied at ₹264-274 per kg, according to Fibre2Fashion's market insight tool TexPro. 

In Delhi, the festive mood affected trading activities and the prices remained stable due to limited buying from the consumer industry and export market. A trader from the Delhi market told F2F, "There was limited trade in the cotton yarn market, and buyers were not active in making deals. They will show interest in buying only after the festival." In this 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 ₹266-270 per kg, and 40 count carded at ₹295-300 per kg, as per TexPro. 

The recycled yarn market in Panipat remained unmoved due to the festive mood and slower buying. A trade source from Panipat said that the cotton yarn trade remained range-bound due to poor buying from spinning mills. 10s recycled PC yarn (grey) was traded at ₹88-92 per kg (GST extra). 10s recycled PC yarn (black) was traded at ₹60-65 per kg, 20s recycled PC yarn (grey) at ₹105-110 per kg, and 30s recycled PC yarn (grey) at ₹150-155 per kg. Comber prices were noted at ₹155-160 per kg, while recycled polyester fibre (PET bottle fibre) noted at ₹74-77 per kg. 

Cotton prices in North India were hovering near last week's levels, with demand from spinners remaining steady. However, the arrival was also balanced to meet the demand. According to traders, the market will take direction after Holi. Cotton was traded at ₹6,300-6,375 per maund of 37.2 kg in Punjab, ₹6,300-6,400 per maund in Haryana, and ₹6,525-6,600 per maund in upper Rajasthan, and at ₹60,300-62,300 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)