Cotton yarn prices decline in Delhi; steady in Ludhiana, Panipat

Cotton yarn prices remained stable amid thin trade in Ludhiana market. A local trader Gulshan Jain told Fibre2Fashion, “Buyers were absent from the market as there was uncertainty regarding price direction. Trade reduced to mere 40 per cent of normal.” In Ludhiana, 30 count cotton combed yarn was sold at ₹420-425 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹410-415 per kg and ₹415-420 per kg respectively. Carded yarn of 30 count was quoted at ₹360-365 per kg.

Delhi market noted declining trend due to slower buying. Cotton yarn prices dropped by ₹5-10 per kg. According to traders, there was limited buying, while stockists and traders are selling off their stocks. But spinning mills did not cut their selling prices. In Delhi, 30 count combed cotton yarn was traded at ₹400-410 per kg (GST extra), 40 count combed at ₹440-455 per kg, 30 count carded at ₹360-365 per kg and 40 count carded at ₹400-405 per kg.

Panipat market noted stable trend in recycled yarn prices. Poor demand and downfall in cotton comber did not support sentiments in the recycled yarn market. In Panipat market, 10s recycled yarn (white) was traded at ₹95-105 per kg (excluding GST), 10s recycled yarn (coloured - high quality) at ₹140-145 per kg, 10s recycled yarn (coloured - low quality) at ₹95-105 per kg and 20s recycled high quality PC yarn (coloured) at ₹185-195 per kg. 10s optical yarn was traded at ₹125-130 per kg in the market. The price of comber decreased to ₹140 per kg after downfall in cotton prices.

Meanwhile, cotton prices showed bearish trend in north India due to poor buying from mills. Cotton was sold at ₹10,200 per maund of 37.2 kg in Punjab market, compared to last week’s price of ₹10,400 per maund.

Fibre2Fashion News Desk (KUL)