North India’s cotton yarn prices remained steady today amid weak demand. The entire apparel value chain was reluctant to buy at the current prices. Rising imports of apparel from China has the domestic textile industry worried. Panipat’s recycled yarn market noticed improved buying as costlier cotton comber pushed recycled PC yarn prices by Rs. 5 per kg.
In Delhi, yarn prices remained bearish as the weaving industry was cautious about buying. Domestic and export demand of cotton yarn remained low. In the market, 30 count combed yarn was traded at Rs. 290-295 per kg (GST extra), 40 count combed at Rs. 320-325 per kg, 30 count carded at Rs. 270-275 per kg and 40 count carded at Rs. 305-310 per kg, according to market report.
Ludhiana market’s cotton yarn prices were sluggish as mills and traders were following the wait and watch approach too. 30 count cotton combed yarn was sold at Rs. 285-295 per kg (GST inclusive). 20 and 25 count combed yarn was traded at Rs. 275-285 per kg and Rs. 280-290 per kg respectively. Carded yarn of 30 count steadied at Rs. 260-270 per kg, as per market report.
Polyester-cotton (PC) recycled yarn gained Rs. 2-5 per kg because of dearer cotton comber in Panipat. However, prices of other varieties and counts of recycled yarn remained stable. According to trade sources, improved buying was noticed for most varieties and counts of recycled yarn. But cheaper polyester left the prices unchanged for non-cotton yarn. Shortage of cotton comber supported recycled PC and cotton yarn. Spinning mills are currently not producing cotton yarn, specifically combed yarn, due to price disparity. Trade sources said that the consumption of cotton comber also increased. Cotton comber was traded slightly higher due to poor supply. However, recycled polyester fibre remained stable.
In Panipat, 10s recycled yarn (white) was traded at Rs. 90-95 per kg (GST Extra). 10s recycled yarn (coloured – high quality) was traded at Rs. 105-110 per kg, 10s recycled yarn (coloured – low quality) at Rs. 80-85 per kg and 20s recycled PC coloured (high quality) at Rs. 110-115 per kg. 30 recycled PC coloured (high quality) at Rs. 150-155 per kg. 10s optical yarn was priced at Rs. 100-110 per kg in the market. Comber prices further increased to Rs. 150-155 per kg. Recycled polyester fibre (PET bottle fibre) was noted at Rs. 75-77 per kg. Dearer cotton comber supported cotton and polyester-cotton yarn.
North India’s cotton prices weakened further by Rs. 50-70 per maund of 37.2 kg in the last couple of days. There was no improvement in buying from spinning mills and overall depression in the entire value chain. The arrival was noted at 23,000 bales of 170 kg in north India. According to local traders, the trade was low as mills were reluctant to buy cotton at higher prices. Farmers thought the current prices to be unattractive because the prices were high a few months back. Cotton was traded at Rs. 6,500-6,600 per maund in Punjab, Rs. 6,450-6,550 per maund in Haryana and Rs. 6,700-6,760 per maund in upper Rajasthan, and Rs. 63,800-65,800 per candy of 356 kg in lower Rajasthan.
