A Ludhiana-based trader told Fibre2Fashion, “Cotton yarn demand was negligible therefore the prices eased down. Cotton prices also slipped which put pressure on sentiments of yarn market. Spot cotton prices have eased. Cotton futures also recorded downward trend. Poor demand caused for downfall of ₹5 per kg in yarn prices.”
In Ludhiana, 30 count cotton combed yarn was sold at ₹415-420 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹405-410 per kg and ₹410-4215 per kg respectively. Carded yarn of 30 count was quoted at ₹350-355 per kg.
Delhi market noted steady trend in yarn prices, but sentiments remained weak as cheaper cotton can drag yarn prices in future. According to trade sources, demand from weaving industry seems to be better. Buyers were seen interested in fresh buying, but on a limited scale. Traders argued that it was not possible for weaving industry to shut production for longer time. They are cautious but buying yarn in limited quantity. In Delhi, 30 count combed yarn was traded at ₹395-400 per kg (GST extra), 40 count combed at ₹440-450 per kg, 30 count carded at ₹360-365 per kg, and 40 count carded at ₹400-405 per kg.
Recycled yarn market at Panipat also noted a down trend in prices due to poor demand from weaving industry. According to a trader, local and export demand was not supportive for yarn market. Cheaper comber also facilitated spinning mills to reduce yarn prices. Comber prices came down by ₹15 per kg. 20s recycled high quality PC yarn (coloured) slipped by ₹10 per kg, while 10s recycled yarn (white) weakened by ₹2 per kg.
In Panipat market, 10s recycled yarn (white) was traded at ₹95-100 per kg (excluding GST), 10s recycled yarn (coloured - high quality) at ₹140-145 per kg, 10s recycled yarn (coloured - low quality) at ₹95-105 per kg, and 20s recycled high quality PC yarn (coloured) at ₹160-170 per kg. 10s optical yarn was traded at ₹125-130 per kg in the market, as per Texpro. Comber crashed to ₹125 per kg from ₹140 per kg last week. Recycled polyester fibre (pet bottle fibre) eased to ₹98 per kg. Earlier, it was traded at ₹100 per kg.
Cotton prices to dropped by ₹200-300 per maund of 37.2 kg in north India amid slower demand. According to traders, cotton was sold at ₹9,200-9,500 per maund in Bathinda, ₹8,800-9,300 per maund in Hissar, and ₹9,300-9,500 per maund in Sriganganagar market. Sources said that fall in cotton futures led to decline in spot prices.
Fibre2Fashion News Desk (KUL)
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