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The Delhi market has suffered losses of up to ₹7 per kg, with no signs of improvement in demand from the weaving industry. A trader from the Delhi market expressed his concerns to Fibre2Fashion, stating, "The lack of demand from the weaving industry is indeed a cause for concern. Exporters are struggling to secure orders from international buyers. However, the recent surge in ICE cotton has given Indian cotton an edge. If Indian cotton continues to be more affordable than its global counterparts, we might witness a revival in cotton yarn exports."
The traded prices for 30 count combed yarn ranged from ₹260-273 per kg (GST extra), 40 count combed at ₹290-300 per kg, 30 count carded at ₹238-245 per kg, and 40 count carded at ₹268-275 per kg, as per Fibre2Fashion’s market insight tool TexPro.
The Ludhiana market is also experiencing a downward trend, with cotton yarn prices remaining steady. The demand from the weaving industry is low, owing to the uncertainty in domestic and export apparel demand. “Small mills have started taking additional holidays to reduce production amidst weak purchasing. The mills are reportedly suffering significant losses due to the current slump in the market,” a local trader told F2F.
In Ludhiana, the sale price of 30 count cotton combed yarn was at ₹270-280 per kg (GST inclusive), with 20 and 25 count combed yarn trading at ₹260-265 per kg and ₹265-270 per kg, respectively. The carded yarn of 30 count was listed at ₹250-260 per kg, with cotton yarn prices dropping by ₹5 per kg in the market, according to data obtained from TexPro.
Panipat's recycled yarn market is also observing a downward trend. The prices for recycled yarn, cotton comber, and recycled polyester fibre have decreased by ₹2-5 per kg. The slower demand from the downstream industry has alleviated the shortage of cotton comber, leading to a drop in prices. According to trade sources, exporters are having difficulty securing orders from international buyers, and domestic demand is insufficient to support market sentiment.
The 10s recycled PC yarn (grey) was traded at ₹80-85 per kg (GST extra), while the 10s recycled PC yarn (black) went for ₹50-55 per kg. The 20s recycled PC yarn (grey) traded at ₹95-100 per kg, and the 30s recycled PC yarn (grey) at ₹140-150 per kg. The prices for comber were reported at ₹130-132 per kg. Recycled polyester fibre (made from PET bottles) was noted at ₹69-70 per kg.
North Indian cotton prices have dropped due to low demand from spinners. Despite the season's limited cotton arrivals, buyers are scarce due to the pessimistic mood in the downstream industry. There's no interest in stockpiling for the next 3-4 months. The cotton arrival was noted at 5,200 bales of 170 kg. Cotton was traded at ₹6,000-6,100 per maund in Punjab, ₹5,950-6,050 per maund in Haryana and ₹6,230-6,330 per maund in upper Rajasthan and at ₹58,500-59,500 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)