North India’s cotton yarn market witnessed positive mood as export demand pushed up yarn prices. Delhi market noted a price rise of Rs. 5-10 per kg, while cotton yarn prices increased by Rs. 2 per kg in Ludhiana market. Traders said that cotton yarn prices increased in last one week because of new export orders. Recycled yarn market of Panipat remained steady.
A trader from Delhi market told, “Spinning mills have export orders for yarn supplies. Domestic market was facing supply shortage in polyester-cotton and cotton yarn.” According to report, 30 count combed yarn was traded at Rs. 285-290 per kg (GST extra), 40 count combed at Rs. 315-320 per kg, 30 count carded at Rs. 260-265 per kg and 40 count carded at Rs. 290-295 per kg.
Trade sources from Ludhiana market also confirmed better buying for export orders. A trader from Ludhiana said that Indian exporters have secured orders from various global markets. 30 count cotton combed yarn was sold at Rs. 282-292 per kg (GST inclusive), according to market report. 20 and 25 count combed yarn were traded at Rs. 272-282 per kg and Rs. 277-287 per kg respectively. Carded yarn of 30 count steadied at Rs. 262-272 per kg.
The prices in Panipat’s recycled yarn market were unmoved while demand was limited. Traders said that buyers were buying cotton yarn for immediate or assured demand. They were avoiding stocking of raw materials for their future demand. 10s recycled yarn (white) was traded at Rs. 88-90 per kg (GST extra). 10s recycled yarn (coloured – high quality) was traded 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. 110-115 per kg. 30 recycled PC coloured (high quality) was priced at Rs. 145-150 per kg, whereas 10s optical yarn was priced at Rs. 100-110 per kg in the market. Comber prices were noted at Rs. 150-155 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at Rs. 82-84 per kg.
Meanwhile, cotton prices remained steady in north India amid slower demand. According to the traders, cotton arrival and demand were limited. Cotton prices could not get support from lower arrival due to weak demand. Softness in MCX cotton candy future was also unsupportive for yarn market. Cotton arrival was around 11,000 bales of 170 kg in north Indian states. Cotton was traded at Rs. 6,300-6,400 in Punjab, Rs. 6,300-6,400 in Haryana and Rs. 6,475-6,550 per maund of 37.2 kg in upper Rajasthan. Cotton was sold at Rs. 60,500-62,500 per candy of 356 kg in lower Rajasthan.
