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The Ludhiana market reported a steady trend in cotton yarn prices amidst average demand. A balance between demand and supply left prices unchanged. Traders anticipate that cotton yarn prices will remain within a certain range. A trader from the Ludhiana market, speaking to Fibre2Fashion, said, “Many mills have received yarn export orders from China and other countries. They have scheduled their production until July. Cotton yarn prices may remain range-bound as we do not foresee a significant rise in demand from the downstream industry.”
In Ludhiana, 30 count cotton combed yarn was sold at ₹265-275 per kg (GST inclusive); 20 and 25 count combed yarn traded at ₹255-260 per kg and ₹260-265 per kg respectively; and 30-count carded yarn was priced at ₹245-255 per kg, according to Fibre2Fashion's market insight tool TexPro.
The Delhi market also observed stable cotton yarn prices. Cotton yarn purchases from exporters and the downstream industry remained steady. A trader from the Delhi market told F2F, "Market sentiments were bearish, but prices remained stable. Cotton yarn prices will likely fluctuate within a certain range due to the current dynamics." According to TexPro, 30 count combed yarn traded at ₹265-270 per kg (GST extra), 40 count combed at ₹290-295 per kg, 30 count carded at ₹237-242 per kg, and 40 count carded at ₹267-270 per kg.
In Panipat, the recycled yarn market experienced a slowdown in demand from the consumer industry. Despite this, spinners were unwilling to lower prices to attract buyers, believing that current prices have reached the bottom level. 10s recycled PC yarn (grey) was traded at ₹80-85 per kg (GST extra). Other varieties and counts included 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. Comber prices hovered around ₹130-132 per kg and recycled polyester fibre (PET bottle fibre) was priced at ₹68-70 per kg.
Prices for north Indian cotton remained steady, given the quiet demand and limited supply. Traders anticipate a gradual slowdown in cotton trade as arrivals of Kapas (unginned cotton) come to an end. The daily arrival rate fell to below 1,500 bales of 170 kg across all of north India. Ginners are now expected to withhold their stock of ginned cotton, selling it post-rains to fetch higher prices. Arrivals were recorded at 1,300-1,400 bales. Cotton was traded at ₹5,875-5,975 per maund in Punjab, ₹5,800-5,900 per maund in Haryana, and ₹6,175-6,275 per maund of 37.2 kg in upper Rajasthan. It was sold for ₹56,500-58,000 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)