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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 Fibre2Fashion, “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 Fibre2Fashion’s market insight tool TexPro, 30 count cotton combed yarn was sold at ₹270-280 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹260-265 per kg and ₹265-270 per kg respectively. The price of carded yarn of 30 count was noted at ₹250-260 per kg. Cotton yarn prices eased down by ₹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 F2F, “Millers and stockists were forced to reduce cotton yarn prices. Cotton yarn of 30 counts witnessed a declined of ₹5 per kg.” 30 count combed yarn was traded at ₹265-275 per kg (GST extra), 40 count combed at ₹300-305 per kg, 30 count carded at ₹243-250 per kg and 40 count carded at ₹280-285 per kg, as per TexPro.
Panipat’s recycled yarn market also witnessed weak sentiments. Cotton comber and recycled polyester fibre noted downfall of ₹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 ₹85-90 per kg (GST Extra). 10s recycled PC yarn (black) was traded at ₹55-60 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 ₹138-142 per kg. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹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 ₹6,100-6,200 in Punjab, ₹6,100-6,200 in Haryana and ₹6,300-6,400 per maund in upper Rajasthan. The natural fibre was sold at ₹59,000-61,000 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)