Cotton yarn prices remained stable in Ludhiana market. Buyers are still away from the market as they are taking cautious approach for buying. A trader from Ludhiana told Fibre2Fashion, “Cotton yarn demand was still weak. Ludhiana is more focused on domestic market which remained unmoved. Export market will register some improvement after production will begin for next export orders.” In Ludhiana, 30 count cotton combed yarn was sold at ₹370-375 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹360-365 per kg and ₹365-370 per kg respectively. Carded yarn of 30 count was quoted at ₹330-335 per kg.
Delhi market also registered down trend amid weak buying. Buyers were very vigilant amid uncertainty. Recent reports of recession were also worrisome for the market. A trader from Delhi market said that many traders, stockists and millers had to bear heavy losses. Therefore, buyers wanted to be doubly sure to avoid any further loss. In Delhi, cotton yarn prices eased by ₹10-15 per kg as the market was still feeling pressure amid weaker buying. 30 count combed yarn was traded at ₹360-365 per kg (GST extra), 40 count combed at ₹395-400 per kg, 30 count carded at ₹310-315 per kg and 40 count carded at ₹350-355 per kg.
Recycled yarn of various counts and varieties was traded at previous prices as the market is yet to see better buying from home textiles segment. According to the traders, local and export demand for recycled yarn did not see any improvement. Therefore, the prices remained stable. But better buying of fresh cotton yarn was noted in some markets of Haryana. It shows some movement in dress and wear segments. Panipat market was also depressed due to traffic restrictions in many cities of western Uttar Pradesh on account of annual Kawad yatra.
In Panipat market, 10s recycled yarn (white) was traded at ₹90-95 per kg (excluding GST), 10s recycled yarn (coloured - high quality) at ₹110-115 per kg, 10s recycled yarn (coloured - low quality) at ₹80-85 per kg and 20s recycled high quality PC yarn (coloured) at ₹125-130 per kg. 10s optical yarn was traded at ₹100-110 per kg in the market. Comber prices gained ₹10 to ₹110-115 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹85 per kg.
In north India, cotton prices remained stable amid thin trade. According to the traders, cotton arrivals were negligible as season is about to get over. The market will not see much fluctuation in such scenario. However, prices may inch up if yarn prices improve on buying support. Cotton was traded at ₹8,400-8,800 per maund of 37.2 kg in Punjab, ₹8,000-8,400 per maund in Haryana and ₹8,600-8,800 per maund in upper Rajasthan and ₹8,100-8,300 per maund in lower Rajasthan.
Fibre2Fashion News Desk (KUL)
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