North India’s cotton yarn is facing low demand today due to a lack of buying from end consumers. However, yarn prices strengthened in Ludhiana as selling by mills was muted. The prices were stable in Delhi as well as in the recycled yarn market of Panipat. Cotton prices continued to ease as arrival increased, which is a relief for the textile industry.
Ludhiana market’s cotton yarn prices improved by Rs. 5 per kg, even as demand from the weaving industry was weak. “Mills were trying to keep the prices stable. The downstream industry will have to begin buying as they would need to replenish their stocks,” a trader from Ludhiana market told.
In Ludhiana, 30 count cotton combed yarn was sold at Rs. 290-300 per kg (GST inclusive). 20 and 25 count combed yarn was traded at Rs. 280-290 per kg and Rs. 285-295 per kg, respectively. Carded yarn of 30 counts steadied at Rs. 265-275 per kg, according to market report.
In Delhi, yarn prices were stable amid low demand. Mills were still facing a disparity of Rs. 15-20 per kg. “Weavers were not coming to buy cotton yarn. They are facing poor buying from garment manufacturers. If cotton prices come down, it will give a much-needed respite to the entire value chain,” a Delhi-based trader told.
In Delhi, 30 count combed yarn was traded at Rs. 310-315 per kg (GST extra), 40 count combed at Rs. 340-345 per kg, 30 count carded at Rs. 290-295 per kg and 40 count carded at Rs. 325-330 per kg, as per market report.
The recycled yarn market of Panipat was also stable as recycled yarn was sold at previous prices. Cotton comber increased by Rs. 5 per kg to reach Rs. 140-145 per kg. But recycled polyester fibre eased by Rs. 2 per kg as Reliance Industries Limited (RIL) cut virgin polyester staple fibre price. 10s recycled yarn (white) was traded at Rs. 90-95 per kg (GST extra), 10s recycled yarn (coloured – high quality) at Rs. 105-110 per kg, 10s recycled yarn (coloured – low quality) at Rs. 80-85 per kg and 20s recycled PC coloured (high quality) at Rs. 105-110 per kg. 30 recycled PC coloured (high quality) was priced at Rs. 150-155 per kg and 10s optical yarn was priced at Rs. 100-110 per kg in the market. Comber prices were ruling higher at Rs. 140-145 per kg. Recycled polyester fibre (PET bottle fibre) was at Rs. 81-83 per kg.
North India’s cotton prices decreased further by Rs. 100-150 per maund of 37.2 kg due to high arrival. The arrival in the new season first time crossed the mark of 25,000 bales of 170 kg each in the region. Earlier week, the prices eased by Rs. 50-100 per maund. According to local traders, farmers will have to enter the market to sell their crop. If prices remain under pressure, the arrival will further increase. However, the market depends on the movement of cotton futures. Cotton was traded at Rs. 6,550-6,650 per maund in Punjab, Rs. 6,500-6,600 per maund in Haryana and Rs. 6,750-6,850 per maund in upper Rajasthan, and at Rs. 65,000-65,500 per candy of 356 kg in lower Rajasthan.