Cotton yarn prices down in Delhi, North India faces sluggish demand

North India’s cotton yarn trade was not getting support from any direction. Poor demand from both the domestic weaving industry and the export market forced spinners and stockists to reduce cotton yarn prices in the Delhi market by ₹10 per kg per kg. However, Ludhiana market noted steady trend. Panipat market recorded stable prices of recycled yarn.

In Delhi, yarn prices further decreased by ₹10 per kg as demand remained weak. Buying of cotton yarn from both domestic and export markets remained very slow. It made more difficult for stockists and spinners to find buyers. A trader from Delhi market told Fibre2Fashion, “Domestic demand was already weak. Export demand also weakened. Textile industry across the world is facing slower buying from end consumers.”

In the market, 30 count combed yarn was traded at ₹305-310 per kg (GST extra), 40 count combed at ₹335-340 per kg, 30 count carded at ₹285-290 per kg and 40 count carded at ₹320-325 per kg, according to Fibre2Fashion’s market insight tool TexPro.

Ludhiana market’s cotton yarn prices remained stable amid muted buying from weaving industry. A trader from Ludhiana market told Fibre2Fashion, “There was a sense of uncertainty in the market. Poor buying from brands is discouraging weaving industry for fresh buying of yarn. Uneasiness continued in the entire value chain of the textile industry.” 30 count cotton combed yarn was sold at ₹290-300 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹280-290 per kg and ₹285-295 per kg respectively. Carded yarn of 30 count steadied at ₹265-275 per kg, as per TexPro.

The recycled yarn market of Panipat also showed muted trend. Stockists and spinners were trying to maintain current prices despite weak demand. The prices of recycled yarn were quoted at previous levels. 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) was quoted at ₹145-150 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. The price of recycled polyester fibre (PET bottle fibre) was noted at ₹80-82 per kg.

Meanwhile, North India’s cotton prices weakened by ₹50-70 per maund of 37.2 kg due to fall in future trade. The arrival was lower, but demand was also weak. According to local traders, demand from spinning mills was very slow due to price disparity. Cotton was traded at ₹6,600-6,700 in Punjab, ₹6,500-6,600 in Haryana and ₹6,750-6,850 per maund in upper Rajasthan. Cotton was sold at ₹64,500-66,500 per candy of 356 kg in lower Rajasthan.

Source: Fibre2Fashion