Mixed trend in north India's cotton yarn market; prices up in Ludhiana

Cotton yarn prices went up in Ludhiana. “Buyers were active to make new deals in smaller quantity. There was optimism for higher demand in the entire textile value chain. Mills were trying to pass on the price rise in cotton,” a trader from Ludhiana market told Fashion2Fashion. 

In Ludhiana, 30 count cotton combed yarn was sold at ₹282-292 per kg (GST inclusive) and 20 and 25 count combed yarn were traded at ₹272-282 per kg and ₹277-287 per kg respectively. Carded yarn of 30 count was steady at ₹262-272 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Delhi, cotton yarn prices remained unchanged. Trading volume was better as more buyers actively made new deals. A trader from Delhi market said that consistent buying from the weaving industry and the trading community supported cotton yarn prices at the present levels. In this 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, as per TexPro. 

Panipat’s recycled yarn market also noticed a stable trend. Traders believed a decline in comber and other raw material prices will support market sentiments. Once cotton comber supply improves, industry will encourage production. Costlier comber and textiles waste ate up the industry’s margin. 

In Panipat, 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) was at ₹80-85 per kg and 20s recycled PC coloured (high quality) was at ₹110-115 per kg. 30 recycled PC coloured (high quality) was priced at ₹145-150 per kg and 10s optical yarn at ₹100-110 per kg in the market. Comber prices were noted at ₹150-155 per kg, while recycled polyester fibre (PET bottle fibre) was priced at ₹80-82 per kg. 

North India’s cotton prices increased due to stronger ICE cotton. The prices gained ₹25-50 per maund of 37.2 kg. According to local traders, the downstream industry is buying yarn. Therefore, spinners are interested in taking fresh deals. MNCs are also actively buying the natural fibre. Cotton arrival was noted at 14,000 bales of 170 kg in north India. Cotton was traded at ₹6,250-6,375 per maund in Punjab, ₹6,200-6,350 per maund in Haryana and ₹6,400-6,500 per maund in upper Rajasthan, and at ₹60,500-62,000 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)