According to traders, payment crisis is also looming in north India’s cotton yarn market because sluggish demand disrupted payment cycle. The payment crunch is also affecting buying capacity of consumer industries. A Ludhiana-based trader told Fibre2Fashion, “Demand did not see any sign of improvement. Payment situation also tightened due to sluggish demand. Weak demand may persist as large stocks are lying with garment manufacturers.” 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 also noted stable trend due to slower buying. According to traders, there was limited buying as weaving segment did not expect much demand from garment units. Weaving industry is very cautious for fresh buying. In Delhi, 30 count combed 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 downtrend in recycled yarn prices. Poor demand and higher production led to downfall in few varieties of yarn. 20s recycled PC yarn (coloured - high quality) dropped ₹15 per kg, while10s recycled (white) yarn slipped ₹3 per kg. According to a local trader, Preetam Singh Sachdeva, large number of mills have shifted to recycled yarn as they wanted to produce yarn made from cheaper raw material. Therefore, higher supply and poor demand caused for decline in recycled yarn prices. However, better demand for cheaper raw material pushed up upstream product. Recycled polyester fibre (PET bottle fibre) jumped from ₹95 to ₹102 per kg.
In Panipat market, 10s recycled yarn (white) was traded at ₹92-105 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 ₹170-180 per kg. 10s optical yarn was traded at ₹125-130 per kg in the market. Comber came down to 140 per kg after downfall in cotton prices.
Meanwhile, cotton prices eased in north India after gains in previous sessions. Cotton arrival was mere 300 bales of 170 kg. However, demand was very week as spinning mills have shifted to polyester yarn to avoid costlier cotton. Cotton was sold at ₹10,400-10,700 per maund of 37.2 kg in Bathinda, ₹9,600-10600 in Hissar, and ₹10,500-10,800 in Sriganganagar market.
Fibre2Fashion News Desk (KUL)
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