Cotton yarn prices in north India decreased by up to Rs. 5 per kg as lower demand put additional pressure on spinning mills and stockists. The market was still facing uncertainty about better buying from domestic and export markets. Cotton yarn was traded lower in Delhi and Ludhiana markets. Panipat market noted a declining trend in cotton comber and recycled polyester fibre. Recycled cotton yarn remained steady as demand was limited from domestic and export markets.
Ludhiana market witnessed down trend in cotton yarn prices. There was weaker demand from weaving industry as domestic and export apparel demand was very uncertain to improve. Gulshan Jain, a trader from Ludhiana market, told, “Mills were facing very slow demand both from the export market and the domestic consumer industry. Many mills had to observe extra one day leave per week to reduce production. They are focusing on production of higher counts to reduce yarn production and cotton consumption.” According to market report, 30 count cotton combed yarn was sold at Rs. 270-280 per kg (GST inclusive). 20 and 25 count combed yarn was traded at Rs. 260-265 per kg and Rs. 265-270 per kg respectively. The price of carded yarn of 30 counts was noted at Rs. 250-260 per kg. Cotton yarn prices eased down by Rs. 5 per kg in the market.
Delhi market also noted weaker trend in cotton yarn prices. Demand from downstream industry did not give any signal for improvement. A trader from Delhi market told, “Millers and stockists were forced to reduce cotton yarn prices. Cotton yarn of 30 counts witnessed a decline of Rs. 5 per kg.” 30 count combed yarn was traded at Rs. 265-275 per kg (GST extra), 40 count combed at Rs. 300-305 per kg, 30 count carded at Rs. 243-250 per kg and 40 count carded at Rs. 280-285 per kg, as per market report.
Panipat’s recycled yarn market also witnessed weak sentiments. Cotton comber and recycled polyester fibre noted downfall of Rs. 2-3 per kg. According to trade sources, the price of cotton comber eased due to weaker demand from consumer industry. The price of recycled polyester fibre also came down due to fall in prices of virgin polyester staple fibre and its raw materials. Export and domestic demand remained very weak. 10s recycled PC yarn (grey) was traded at Rs. 85-90 per kg (GST Extra). 10s recycled PC yarn (black) was traded at Rs. 55-60 per kg, 20s recycled PC yarn (grey) at Rs. 95-100 per kg and 30s recycled PC yarn (grey) at Rs. 150-155 per kg. Comber prices were noted at Rs. 138-142 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at Rs. 72-75 per kg. 10s recycled PC yarn (black) was traded lower due to poor demand.
Meanwhile, cotton prices steadied in north India amid lower buying. Traders said that poor demand from garment manufacturers dampened market sentiments. Cotton prices are unlikely to get support until demand from garment industry picks up. The arrival was noted at 5,000 bales of 170 kg. Cotton was traded at Rs. 6,100-6,200 in Punjab, Rs. 6,100-6,200 in Haryana and Rs. 6,300-6,400 per maund in upper Rajasthan. The natural fibre was sold at Rs. 59,000-61,000 per candy of 356 kg in lower Rajasthan.
