Delhi market witnessed stable prices of cotton yarn. The market saw average demand from consumer industry and export market. A trader from the Delhi market told Fibre2Fashion, “The market is facing lack of confidence about export orders for the coming winter season. US Fed reserve’s delayed easing of interest rates will not support retail demand. Domestic industry wanted to see orders from western importing countries.”
In this market, 30 count combed knitting yarn was traded at ₹265-267 (approximately $3.19-3.21) per kg (GST extra), 40 count combed at ₹285-292 (approximately $3.43-3.51) per kg, 30 count carded at ₹240-242 (approximately $2.89-2.91) per kg, and 40 count carded at ₹265-268 (approximately $3.19-3.23) per kg today.
Ludhiana market also noticed stability in cotton yarn prices. There was feeling of delay in seasonal increase of cotton yarn demand. According to trade sources, the market should by now notice better buying from the consumer industry. However, it is delayed in the current bearish market of textile value chain. Buyers wanted to confirm prospective demand from the garment industry.
In Ludhiana, 30 count cotton combed yarn was sold at ₹267-277 (approximately $3.21-3.33) per kg (inclusive of GST); 20 and 25 count combed yarn were traded at ₹257-267 (approximately $3.09-3.21) per kg and ₹262-272 (approximately $3.15-3.27) per kg, respectively; and carded yarn of 30 count was noted at ₹247-252 (approximately $2.97-3.03) per kg today, according to trade sources.
India’s home textile hub of Panipat saw a rise of up to ₹2 per kg in recycled polyester fibre. Its manufacturing units have increased prices of the raw materials after rise in virgin polyester fibre. However, recycled yarn prices did not see any significant movement. Traders said that demand of home textiles is not very promising. But recycled yarn is diverted to newer textile products. The manufacturers are buying cheaper raw material after rise in the price of virgin polyester.
In Panipat, 10s recycled PC yarn (Grey) was traded at ₹78-82 (approximately $0.94-0.98) per kg (GST paid). Other varieties and counts were noted as: 10s recycled PC yarn (black) at ₹53-56 (approximately $0.64-0.67) per kg, 20s recycled PC yarn (grey) at ₹90-95 (approximately $1.08-1.14) per kg and 30s recycled PC yarn (grey) at ₹128-132 (approximately $1.54-1.58) per kg. Cotton comber prices were noted at ₹110-112 (approximately $1.32-1.35) per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹75-78 (approximately $0.90-0.93) per kg today.
In North India, cotton trade was stable on the first day of this week, although it had seen price rise in late last week. Last week’s recovery in ICE cotton had supported domestic prices, but the market remained silent today. Traders said that unginned cotton arrival further reduced as the farmers have already sold more than 90 per cent produce. Ginning mills, stockists and MNCs are selling cotton from their stocks. As per market estimate, around 80 per cent cotton sold in north India came from stocks.
Today’s arrival was 700 bales of 170 kg in north India. State-wise arrivals were noted as: Haryana 600 bales, upper Rajasthan 50 bales, and lower Rajasthan 50 bales. Cotton arrival was almost nil in Punjab. The arrival will end in Rajasthan in the coming few days, but it will continue in Haryana till the end of June. Cotton prices in Punjab ranged from ₹5,725 to ₹5,750 (approximately $68.55-68.85) per maund of 37.2 kg, while in Haryana, prices ranged from ₹5,625 to ₹5,725 (approximately $67.35-68.55). In upper Rajasthan, cotton was priced between ₹5,450 and ₹5,750 (approximately $65.26-68.85) per maund. Bikaner line cotton was sold for ₹5,750 to ₹5,850 (approximately $68.85-70.05) per maund. In lower Rajasthan, cotton was priced at ₹53,600 to ₹56,600 (approximately $641.53-677.71) per candy of 356 kg.
Fibre2Fashion News Desk (KUL)