Cotton yarn prices further rose by ₹10 per kg in Delhi as spinning mills were not willing to sell at lower prices. Mills are facing a disparity of ₹10-15 per kg as higher kapas prices had led to a rise in cotton prices. However, cotton prices eased today as cotton future slipped due to macro dynamic change. Cotton comber prices also rose despite a fall in recycled yarn prices in Panipat.
Some mills in Delhi increased their selling prices but were still facing a disparity of ₹10-15 per kg. “Some buyers had to buy cotton yarn, even at higher prices as they had to fulfil their export commitments. Therefore, traders and stockists were quoting higher prices,” a trader from Delhi market told Fibre2Fashion.
In the Delhi market, 30 count combed yarn was traded at ₹310-315 per kg (GST extra), 40 count combed at ₹340-345 per kg, 30 count carded at ₹290-295 per kg and 40 count carded at ₹325-330 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Cotton yarn prices in the Ludhiana market remained steady as mills were not inclined to reduce prices to lure buyers. They were slow in selling to avoid losses. Buyers were also not too keen on paying higher prices in the absence of demand. “The entire value chain was facing a disparity. Cotton prices were ruling higher despite a muted demand. Consumer demand was not supporting the upstream industry,” a trader from Ludhiana market told Fibre2Fashion.
In Ludhiana, 30 count cotton combed yarn was sold at ₹285-295 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹275-285 per kg and ₹280-290 per kg respectively. Carded yarn of 30 count steadied at ₹260-270 per kg, as per TexPro.
Panipat recycled yarn market faced dual pressure. The prominent raw material cotton comber increased by ₹10 per kg to reach ₹135-140 per kg. Home furnishing value chain is facing an acute shortage as spinning mills are running at half capacity. Mills are also slowing down sale of cotton comber to push prices up. On the other hand, consumer demand is weak, so the value chain is facing a decline in prices. Some counts and varieties of recycled yarn were saw a ₹3-5 per kg price cut. To add to it, costlier cotton has widened the losses for the value chain.
In Panipat, 10s recycled yarn (white) was traded at ₹90-95 per kg (GST extra). 10s recycled yarn (coloured – high quality) was traded at ₹105-110 per kg, 10s recycled yarn (coloured – low quality) at ₹80-85 per kg and 20s recycled PC coloured (high quality) at ₹105-110 per kg. 30 recycled PC coloured (high quality) ₹150-155 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were ruling higher at ₹135-140 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹83-85 per kg.
North India’s cotton prices eased today by ₹50-100 per maund of 37.2 kg after a decline in the domestic cotton futures and ICE cotton. According to local traders, cotton prices were driven by the futures’ trend. The natural fibre was ruling at higher prices as farmers were not too keen on selling their crop. However, demand in the downstream industry was not supportive. Cotton was traded at ₹6,800-6,900 in Punjab, ₹6,600-6,750 in Haryana, ₹6,950-7,000 per maund in upper Rajasthan and at ₹66,500-68,500 per candy of 356 kg in lower Rajasthan. The arrival was noted at 21,000 bales of 170 kg in north Indian region.