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In the Ludhiana market, cotton yarn prices rose by ₹3 per kg. Mills have raised their card rate for cotton yarn, and several mills had previously halted the sale of the raw material. Gulshan Jain, a trader from the Ludhiana market, told Fibre2Fashion, "Market sentiments remained positive. Mills have increased their selling rate, supporting market prices. Additionally, Chinese purchases of cotton yarn have boosted demand in recent days."
The 30 count cotton combed yarn was sold at ₹265-275 per kg (inclusive of GST), while the 20 and 25 count combed yarn traded at ₹255-260 per kg and ₹260-265 per kg, respectively in Ludhiana. Carded yarn of 30 count was noted at ₹245-255 per kg, according to Fibre2Fashion’s market insight tool TexPro.
In the Delhi market, cotton yarn prices remained unchanged, with average buying activity. A trader from the Delhi market told F2F, "The market has observed stability in cotton yarn prices. Buyers are concerned about the demand from the retail sector, and export demand has not been supportive of the domestic value chain. However, the recent increase in the minimum support price (MSP) for cotton could motivate the industry to build up stocks."
As per TexPro, the 30 count combed yarn traded at ₹265-270 per kg (exclusive of GST), 40 count combed yarn at ₹290-295 per kg, 30 count carded yarn at ₹237-242 per kg, and 40 count carded yarn at ₹267-270 per kg in Delhi.
Panipat's recycled yarn market maintained a steady trend in recycled yarn and raw materials like cotton comber and recycled polyester fibre. Demand from the consumer industry remained low in India's home textile hub, with slower demand for home furnishing products in domestic and global markets. Consequently, buyers exercised caution in making fresh purchases, and mills refrained from reducing yarn prices to attract buyers.
In Panipat, 10s recycled PC yarn (grey) traded at ₹80-85 per kg (exclusive of GST). Other varieties and counts were priced as 10s recycled PC yarn (black) at ₹50-55 per kg, 20s recycled PC yarn (grey) at ₹95-100 per kg, and 30s recycled PC yarn (grey) at ₹140-145 per kg. The price of comber was around ₹130-132 per kg, while recycled polyester fibre (PET bottle fibre) was noted at ₹68-70 per kg.
Cotton prices in north India experienced a bearish trend due to the softness in ICE cotton. Spinning mills approached buying cautiously following recent increases in the price of natural fibre. The central government raised the minimum support price (MSP) by 8.9 per cent to ₹6,620 per quintal for medium staple unginned cotton in the upcoming season starting in October. However, this did not provide support to cotton prices as they were already higher than the government's procurement price. Traders noted limited buying activity in the market with prices remaining stable.
In Punjab and Haryana, cotton traded at ₹25 lower per maund (37.2 kg). The arrival of cotton was recorded at 2,500-2,600 bales of 170 kg each. Prices in Punjab ranged from ₹5,850-5,950, while in Haryana, they ranged from ₹5,800-5,900 per maund. In upper Rajasthan, cotton was traded at ₹6,175-6,275 per maund. In lower Rajasthan, the natural fibre was sold at ₹56,500-58,000 per candy (356 kg).
Fibre2Fashion News Desk (KUL)