Cotton yarn buying up in North India; comber, poly fibre prices down

Cotton yarn prices in north India partially lost previous gains today as buyers were not willing to buy yarn at higher prices. Delhi did not see any price rise. Demand from weaving industry improved but end users continued to stay away from the market. Prices of recycled yarn in Panipat remained steady, but cotton comber and recycled polyester fibre eased. 

Ludhiana market’s cotton yarn prices had gained ₹10 per kg since last week but lost half of the gain today. “Spinning mills were looking for purchases but they are coming for bulk buying. Trading in the value chain improved but uncertainty was still a concern,” a trader from Ludhiana market told Fibre2Fashion.

In Ludhiana, 30 count cotton combed yarn was sold at ₹300-310 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹290-300 per kg and ₹295-305 per kg respectively. Carded yarn of 30 count remained steady at ₹275-285 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Delhi, the demand improved since last week. However, cotton prices remained stable in the market. “Higher cotton prices encouraged the entire textile value chain to purchase. The market seemed to be bottomed out from recent lows. However, buying by end-users was still uncertain,” a trader from Delhi market told Fibre2Fashion. 

In the Delhi market, 30 count combed yarn was traded at ₹295-300 per kg (GST extra), 40 count combed at ₹325-330 per kg, 30 count carded at ₹275-280 per kg and 40 count carded at ₹310-315 per kg, as per TexPro

Panipat’s recycled yarn market remained stable as most of the counts and varieties were sold at previous rates. However, cotton comber and recycled polyester fibre prices dipped. Higher availability of supply caused comber prices to dip. Some ring frame spinning mills have resumed production of cotton yarn which improved supply of comber. Constant price cut by Reliance Industries Limited (RIL) led to a decrease in recycled polyester fibre. Comber eased at ₹5 per kg, while recycled polyester fibre came down by ₹3 per kg. 

In Panipat, 10s recycled yarn (white) was traded at ₹100-105 per kg (GST Extra). 10s recycled yarn (coloured – high quality) was traded at ₹110-115 per kg, 10s recycled yarn (coloured – low quality) at ₹80-85 per kg and 20s recycled PC coloured (high quality) at ₹115-120 per kg. 30 recycled PC coloured (high quality) was at ₹155-160 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were ruling at ₹115-120 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹85-88 per kg. 

North India’s cotton prices gained ₹150-200 per maund of 37.2 kg as millers have increased buying. According to local traders, seed cotton was traded higher as farmers were unwilling to sell at current prices. Higher prices of seed cotton pushed up cotton prices since last week. Buying by millers also improved in the beginning of this week. Cotton was traded at ₹6,400-6,450 in Punjab, ₹6,350-6,450 in Haryana and ₹6,600-6,650 per maund in upper Rajasthan, and at ₹63,000-64,000 per candy of 356 kg in lower Rajasthan. The arrival was noted at 17,000-18,000 bales of 170 kg in the north Indian region. 

Source: Fibre2Fashion