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The Ludhiana market observed sluggish demand, yet cotton yarn prices remained steady due to a recent increase in fibre prices. A trader from the Ludhiana market told Fibre2Fashion, “Demand from the downstream industry was weak, with the consumer industry replacing costlier cotton with more affordable options wherever possible. Changes in consumption patterns also negatively impacted cotton yarn demand. Export demand was weak not just in India, but globally as well.”
In Ludhiana, 30 count cotton combed cotton yarn sold at ₹276-286 per kg (GST inclusive), while 20 and 25 count combed yarn traded at ₹266-276 per kg and ₹270-280 per kg, respectively. Carded yarn of 30 count was noted at ₹255-265 per kg, according to Fibre2Fashion's market insight tool TexPro.
In Delhi as well, cotton yarn prices remained at previous levels. Demand from the weaving industry was consistent but limited. Speaking to F2F, a trader from Delhi said, “The demand from the weaving industry was not encouraging, and the market was still awaiting improvement in demand in the first month of the new fiscal 2023-24. Yarn prices received support when natural fibre prices increased, but fundamentals were not yet supportive.”
According to TexPro, 30 count combed yarn traded at ₹280-285 per kg (GST extra), 40 count combed at ₹305-310 per kg, 30 count carded at ₹255-260 per kg, and 40 count carded at ₹285-290 per kg.
Panipat's recycled yarn market observed a steady trend in prices despite slow demand. However, the market faced a shortage of recycled fibre. Cotton comber and recycled polyester fibre were traded at higher prices. Trade sources indicated that the supply of textile waster is dwindling due to low demand and production. Meanwhile, the garment industry is emerging as a larger consumer of recycled fibre and yarn, driven by initiatives from global brands. Traditionally, the home furnishing segment was the main consumer of recycled yarn.
In Panipat, 10s recycled PC yarn (grey) traded at ₹88-92 per kg (GST extra), 10s recycled PC yarn (black) at ₹60-65 per kg, 20s recycled PC yarn (grey) at ₹95-100 per kg, and 30s recycled PC yarn (grey) at ₹150-155 per kg. Comber prices were noted at ₹148-150 per kg. Recycled polyester fibre (PET bottle fibre) was priced at ₹78-89 per kg. Cotton comber gained ₹4 per kg, while recycled polyester fibre increased by ₹2 per kg. The lower supply of cotton comber indicates that spinners are reducing the production of cotton combed yarn.
North India's cotton prices remained steady after gains during the previous week. According to traders, cotton prices are unlikely to decrease despite reduced arrivals. Demand from spinners was consistent, supporting market sentiment. However, export demand was negligible. Currently, cotton prices were at ₹6,300-6,400 per maund of 37.2 kg in Punjab and Haryana, and ₹6,500-6,600 per maund in upper Rajasthan. Cotton sold for ₹60,500-62,500 per candy (356 kg) in lower Rajasthan. The arrival of 8,500 bales (170 kg each) was noted in the North Indian markets.
Fibre2Fashion News Desk (KUL)