Demand further weakens in north India, cotton yarn slips in Ludhiana

Cotton yarn prices slipped by ₹5 per kg in Ludhiana market as buyers further slowed down buying as they did not find current prices viable for fabric production. A local trader told Fibre2Fashion that weaving industry is not comfortable with the current high prices. Spinning mills have reduced or halted production of cotton yarn and shifted to other type of yarns so they are selling yarn from stocks. But the mills are ready for lowering prices. However, market rate eased down on weaker demand.

In Ludhiana, 30 count cotton combed yarn was sold at ₹425-430 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹400-405 per kg and ₹410-415 per kg respectively. Carded yarn of 30 count was quoted at ₹360-365 per kg.

Delhi market noted steady trend in cotton yarn trade as demand was average. According to trade sources, buyers are hand to mouth. They were buying for immediate requirement. In Delhi market, 30 count combed yarn was traded at ₹410-425 per kg (GST extra), 40 count combed at ₹450-465 per kg, 30 count carded at ₹365-385 per kg and 40 count carded at ₹410-425 per kg.

Panipat market noted steady trend as demand was average. The market is not getting buying enquiries. In Panipat market, 10s recycled yarn (white) was traded at ₹115-125 per kg (excluding GST), 10s recycled yarn (coloured - high quality) at ₹145-155 per kg, 10s recycled yarn (coloured - low quality) at ₹100-110 per kg and 20s recycled PC yarn (coloured) at ₹190-200 per kg. 10s optical yarn was traded at ₹125-130 per kg in the market.

North India cotton prices lowered as many mills have stopped buying the natural fibre as they halted their production shifted to man-made fibre. Cotton prices noted at ₹100,000-102,000 per candy of 356 kg. The prices came down by ₹2,000-3,000 per candy in the last couple of days.

Fibre2Fashion News Desk (KUL)