North Indian cotton yarn market bearish; Panipat’s market stable

North India’s cotton yarn market witnessed a bearish trend today as cotton prices were not feasible for the textile industry. Buyers are following the wait and watch approach and avoiding bulk buying. Yarn prices declined in Delhi as weaving industry was cautious about buying. Panipat’s recycled yarn was stable, but cotton comber and recycled fibre eased. 

In Delhi, the demand for cotton yarn from domestic and export markets was low. Cotton yarn eased by ₹5 per kg for most of the counts and varieties. “Every linkage of the textile value chain remained in the wait and watch mode. They are waiting for raw materials prices to go down. Buyers are only buying yarn to fulfil their immediate needs,” a Delhi-based trader told Fibre2Fashion. 

In the Delhi market, 30 count combed yarn was traded at ₹290-295 per kg (GST extra), 40 count combed at ₹320-325 per kg, 30 count carded at ₹270-275 per kg and 40 count carded at ₹305-310 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

Ludhiana market’s cotton yarn prices were steady as mills and traders were following the wait and watch approach. A trader from Ludhiana market said, “The textile value chain is still uncomfortable from costlier cotton and poor demand.” In the market, 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 was steady at ₹260-270 per kg, as per TexPro

Panipat’s recycled yarn market was stable, but trading activities improved due to the wedding season. According to a trader, yarn prices are unlikely to improve in the region, but demand was looking better as wedding season has boosted the money flow. 

Recycled polyester fibre weakened after the price cut announced by Reliance Industries Ltd (RIL). 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) ₹145-150 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were ruling higher at ₹148-150 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹75-77 per kg. Cotton comber was traded slightly higher due to poor supply and recycled polyester fibre eased by ₹2 per kg. 

North India’s cotton prices eased by ₹200-250 per maund of 37.2 kg in the last couple of days. The arrival was noted at 23,000 bales of 170 kg in north India. According to local traders, farmers were reluctant to sell their crop at the current low prices. Muted demand from the garment industry is not supporting the current cotton prices. Cotton was traded at ₹6,550-6,625 per maund in Punjab, ₹6,450-6,550 per maund in Haryana and ₹6,700-6,750 per maund in upper Rajasthan and ₹64,000-67,000 per candy of 356 kg in lower Rajasthan. 

Source: Fibre2Fashion