Cotton yarn prices were down in Ludhiana by up to ₹10 per kg as buyers remained absent. Mills and traders were still under pressure for selling. A Ludhiana-based trader Gulshan Jain told Fibre2Fashion, “Cotton yarn prices are down because of lower buying. However, declining trend is adding attraction for buyers.” There is expectation that demand will improve in the last week of this month or first week of August. 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 registered decline of up to ₹15 per kg amid weaker buying. The market was receiving comparatively better buying till last week, but sluggish trend was noted in this market also. A prominent trader from Delhi market told that current weak demand forced them to reduce prices for now. But there was optimism that demand will improve very soon. In Delhi, 30 count combed yarn was traded at ₹370-375 per kg (GST extra), 40 count combed at ₹405-410 per kg, 30 count carded at ₹325-330 per kg and 40 count carded at ₹360-365 per kg.
Recycled yarn of various counts and varieties also noted down trend in Panipat market. Few counts and varieties of recycled yarn were quoted lower by ₹3-5 per kg. A local trader said that demand did not improve, and weaving units were reluctant for fresh buying because demand for furnishing textile products is very poor in both local and global markets. 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 price remained stable at ₹100-105 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹85 per kg.
Meanwhile, cotton prices remained steady amid sluggish buying in north India. According to traders, cotton arrival was very negligible, and buyers were absent. Cotton was sold at ₹8,600-8,900 per maund of 37.2 kg in Punjab, ₹8,000-8,300 per maund in Haryana, and ₹8,700-8,900 per maund in upper Rajasthan.
Fibre2Fashion News Desk (KUL)
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