Cotton yarn prices surged further in Ludhiana market because of lower supply from spinning mills and regular demand. A local trader told Fibre2Fashion, “Mills have increased their selling rate by ₹10-12 per kg in last couple of days. They are facing disparity of ₹60 per kg due to recent hike in cotton prices. Demand was also average which can support yarn prices.” Market sources expect better demand in mid-September. In Ludhiana, 30 count cotton combed yarn was sold at ₹394-399 per kg (GST inclusive) with gain of ₹9 per kg, according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹380-385 per kg and ₹385-390 per kg respectively. Carded yarn of 30 count was quoted at ₹345-350 per kg.

Delhi market witnessed regular buying in limited quantity. Lower production by spinning mills supported yarn prices. Cotton yarn was traded higher ₹5-10 per kg. A trader from Delhi said that buyers were lifting cotton yarn but quantity was limited. Demand was enough to support prices amid lower supplies from the mills. 30 count combed yarn was traded at ₹385-390 per kg (GST extra), 40 count combed at ₹425-430 per kg, 30 count carded at ₹345-350 per kg and 40 count carded at ₹380-385 per kg, as per TexPro.

There was steady trend in recycled yarn trade in Panipat. The prices of recycled yarn were hovering at previous levels. According to trade sources, export and local demand remained average. Buyers were cautious about fresh buying. However, they were buying for immediate need. Sellers are not ready to reduce prices. They hope for better demand in next month. In Panipat market, 30 count recycled yarn was sold at ₹160-165 per kg (excluding GST). 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 ₹120-125 per kg. 10s optical yarn was traded at ₹100-110 per kg in the market. Comber prices were ruling at ₹138-146 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹88-92 per kg.

Meanwhile, cotton prices in north India dropped further by ₹500-800 per maund of 37.2 kg amid production cut by spinning mills. According to the traders, prices are easing as buyers are discouraged after the recent hike in prices. However, trade was very thin as supply was also little. Cotton was traded at ₹9,700-9,800 per maund in Punjab, ₹8,000-8,500 per maund in Haryana and ₹9,700-9,800 per maund in upper Rajasthan. The cotton was sold at ₹95,000-97,000 per candy of 356 kg in lower Rajasthan. Haryana market noted steep fall of up to ₹1,500-2,000 per maund because quality was very poor at the end of current season.

Fibre2Fashion News Desk (KUL)