Poor demand from the domestic weaving industry led to a down trend in recycled yarn in Panipat market. Preetam Singh Sachdeva, a local trader, told Fibre2Fashion, “Exporters did not receive expected order enquiries in trade fair recently held in Germany. Some reputed export houses retrenched workforce due to limited orders. Current scenario has dampened market sentiments. Buyers are not interested in fresh buying as export orders as well as domestic buying seem to be weaker.”
In Panipat market, 10s recycled yarn (white) was traded at ₹95-100 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 ₹140-150 per kg. 10s optical yarn was traded at ₹120-125 per kg in the market. Comber was sold at ₹115 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹98 per kg. The price of comber eased by ₹10 per kg but recycled polyester fibre was sold at previous level.
Cotton yarn prices steadied in Ludhiana after decline earlier this week. Most varieties of cotton yarn were sold at previous prices. A Ludhiana based trader told, “Spinning mills were not keen to encourage buyers through ease in prices. Instead, they asked buyers and traders to commit larger quantities for price negotiations. On the other hand, buyers were buying yarn just for immediate need due to uncertain scenario.” In Ludhiana, 30 count cotton combed yarn was sold at ₹400-405 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹390-395 per kg and ₹395-400 per kg respectively. Carded yarn of 30 count was quoted at ₹340-345 per kg.
Delhi market noted steady trend as demand was not encouraging. Earlier, Delhi market had seen better buying but consumer industries are taking cautious note. According to trade sources, recent decline in cotton prices has shaken confidence of buyers. They do not expect very strong demand from garment manufacturers. If yarn prices fall in near future, they will have to face unwanted risk. Yarn prices remained stable because mills were not keen to reduce yarn prices as cotton prices increased in the last couple of days. In Delhi, 30 count combed yarn was traded at ₹385-395 per kg (GST extra), 40 count combed at ₹425-435 per kg, 30 count carded at ₹350-360 per kg and 40 count carded at ₹390-400 per kg.
Meanwhile, cotton prices increased by ₹200-300 per maund of 37.2 kg on Friday over Thursday’s prices in north India. According to traders, cotton was sold at ₹8,200-9,500 per maund in Punjab, ₹8,600-9,000 per maund in Haryana and ₹9,200-9,500 per maund in Upper Rajasthan. Traders said that supply crunch has pushed cotton prices up, though mills’ demand was not so significant.
Fibre2Fashion News Desk (KUL)
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