Cotton yarn prices gained ₹3-5 per kg in Ludhiana and Delhi as spinning mills stop selling their products. Mills are facing disparity of ₹20-25 per kg due to recent rise in cotton prices. Buyers, who were trying to buy the raw material, need to fulfil their exports commitment. However, cotton prices eased today after rising continuously in the previous week.
Ludhiana market’s cotton yarn prices rose by ₹3 per kg. “Cotton yarn prices rose as mills have stopped selling due to price disparity. Lower supply will not only limit mills losses but also support yarn prices. Mostly mills are running on half capacity due to poor demand and market uncertainty,” a trader from Ludhiana market told Fibre2Fashion.
In Ludhiana, 30 count cotton combed yarn was sold at ₹282-292 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 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 at ₹260-270 per kg.
In Delhi, yarn prices were slightly higher due to costlier cotton. The prices were quoted higher by ₹5 per kg by stockists and traders. Mills were not interested in selling cotton yarn here as well. A trader from Delhi market told Fibre2Fashion, “Cotton prices gained as farmers are selling their crop at current prices. But poor buying from the downstream industry is not supporting the higher prices of cotton yarn. Therefore, mills have come into disparity. It has pushed up yarn prices by ₹5 per kg.”
In the Delhi market, 30 count combed yarn was traded at ₹300-305 per kg (GST extra), 40 count combed at ₹330-335 per kg, 30 count carded at ₹280-285 per kg and 40 count carded at ₹315-320 per kg, as per TexPro.
Panipat’s recycled yarn market was stable but with limited trade. Sluggish demand from end users weakened sentiments in the entire value chain. 10s recycled yarn (white) was traded at ₹95-100 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 ₹110-115 per kg. 30 recycled PC coloured (high quality) was at ₹150-155 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were ruling at ₹125-130 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹85-87 per kg.
North India’s cotton prices eased today by ₹50-75 per maund of 37.2 kg as ICE cotton dropped. According to local traders, there was some respite in cotton prices after a continued rise of around ₹350-450 per maund in the last week. Mills were buying cotton in certain quantities with utmost caution. Cotton was traded at ₹6,700-6,725 in Punjab, ₹6,650-6,725 in Haryana and ₹6,875-6,925 per maund in upper Rajasthan, and at ₹65,500-67,000 per candy of 356 kg in lower Rajasthan. The arrival was noted at 21,000 bales of 170 kg in the north Indian region which was slightly high.