Delhi market remained bearish today. The price of 30 count carded cotton yarn eased by ₹5 per kg, but other varieties were steady. Traders expected arrest of down trend due to export orders for cotton yarn form Bangladesh and other countries. A trader from Delhi market told Fibre2Fashion, “The market may take a U-turn very soon as buying will pick up for yarn export orders. The market will boost once better buying is clearly visible. Domestic festival season and winter demand will also help in increasing the demand.” 30 count combed yarn was traded at ₹375-380 per kg (GST extra), 40 count combed at ₹415-420 per kg, 30 count carded at ₹330-335 per kg, and 40 count carded at ₹370-375 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Ludhiana market also noted a declining trend. Here too, cotton yarn prices slipped further by ₹5 per kg because buyers remained silent. Traders in this market feel uncertainty in market sentiments. A local trader told Fibre2Fashion, “Buyers are not interested to take risk, so they do not want to buy more cotton yarn than regular consumption. The market will take a trigger if demand improves in downstream industry.” In Ludhiana, 30 count cotton combed yarn was sold at ₹380-385 per kg (GST inclusive), as per TexPro. 20 and 25 count combed yarn were traded at ₹370-375 per kg and ₹375-380 per kg respectively. Carded yarn of 30 count was quoted at ₹330-335 per kg.
Panipat market noted bearish tone in recycled yarn prices. Cotton comber slipped by ₹5 per kg due to poor demand from the home textiles segment. Recycled polyester fibre, however, steadied due to shortage of supplies. A trader said that recycled yarn of higher counts were traded in loss. For example, the price of 20 count recycled (PC-high quality) yarn fell by ₹5 per kg. He said that buyers are purchasing for immediate consumption due to uncertainty about the revival of demand. In Panipat market, 10s recycled yarn (white) was traded at ₹88-93 per kg (excluding GST), 10s recycled yarn (coloured - high quality) at ₹105-110 per kg, 10s recycled yarn (coloured - low quality) at ₹80-85 per kg and 20s recycled high quality PC yarn (coloured) at ₹115-120 per kg. 30 count recycled yarn was sold at ₹160-165 per kg. 10s optical yarn was traded at ₹100-110 per kg in the market. Comber prices were ruling at ₹135-130 with loss of ₹5 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted steady at ₹90-92 per kg.
Meanwhile, cotton prices eased down by ₹200-300 per maund of 37.2 kg in north India due to higher arrival. Mostly arrival was recorded in Haryana mandis. Punjab also noted arrival of few lots of new cotton. Forward deals are taking place for September and October delivery. New cotton was traded at ₹8,800-8,850 per maund for spot deals. Forward cotton was traded at ₹8,500-8,550 per maund for September and 7,900-7,950 per maund for October delivery.
Fibre2Fashion News Desk (KUL)