Cotton yarn prices decreased by ₹2-5 per kg today in north India due to low demand from downstream industries, but traders expect better demand next month.
Panipat noted a steady trend in prices, while 18 count recycled PC yarn prices were feeling the pressure due to low demand from Uttar Pradesh.
Cotton prices remained steady, with limited cotton arrival.
30 Mar '23
(Fibre2Fashion News Desk (KUL): North India's cotton yarn prices have eased by ₹2-5 per kg today due to lower demand from downstream industries. Cotton yarn prices have also decreased in Ludhiana and Delhi markets, but traders expect better demand in the next month, and they anticipate an upward movement in cotton yarn prices in the next fiscal. However, the Panipat market has noted a steady trend in prices, while 18 count recycled PC yarn prices were feeling the pressure due to lower demand from Uttar Pradesh.
In Ludhiana, cotton yarn prices have further decreased by ₹2 per kg due to weak demand from buyers. “Buyers were absent from the market as the current fiscal is ending. The demand is likely to pick up next week. Buyers will plan for production in next fiscal,” a trader from Ludhiana market told Fibre2Fashion.
The 30 count cotton combed yarn was sold at ₹276-286 per kg (GST inclusive); 20 and 25 count combed yarn were traded at ₹266-276 per kg and ₹270-280 per kg respectively; and carded yarn of 30 count was noted at ₹255-265 per kg in Ludhiana, according to Fibre2Fashion’s market insight tool TexPro.
In Delhi, cotton yarn prices have eased by ₹5 per kg due to muted demand as buyers remained silent in the last few days of March. “The market will bottom out very soon. Cotton yarn witnesses better lifting in the first month of new fiscals.
The prices are likely to see some improvement,” a trader from Delhi told F2F. In this market, 30 count combed yarn was traded at ₹280-285 per kg (GST extra), 40 count combed at ₹310-315 per kg, 30 count carded at ₹255-260 per kg and 40 count carded at ₹285-290 per kg.
The Panipat recycled yarn market noted a steady trend in prices, but demand from end consumers was very limited, leading to bearish trading. The 18-count recycled PC yarn was feeling pressure due to heavy stock, which mills produced in large quantities in anticipation of good demand from Uttar Pradesh. However, demand was lower than expected, as per trade sources.
In Panipat, 10s recycled PC yarn (grey) was traded at ₹88-92 per kg (GST extra); 10s recycled PC yarn (black) was traded at ₹60-65 per kg; 20s recycled PC yarn (grey) at ₹100-105 per kg and 30s recycled PC yarn (grey) at ₹150-155 per kg. Comber prices were noted at ₹140-142 per kg and recycled polyester fibre (PET bottle fibre) was noted at ₹73-75 per kg, as per TexPro.
North India’s cotton prices remained steady amid sluggish demand. Cotton arrival was also stable at 9,000 bales of 170 kg. According to the traders, cotton arrival will be limited as the season is ending and north Indian farmers do not have a large stock to sell.
Demand was also limited due to price disparity. Cotton was traded at ₹6,125-6,225 per maund of 37.2 kg in Punjab and Haryana and ₹6,325-6,425 per maund in upper Rajasthan, and at ₹58,500-60,500 per candy of 356 kg in lower Rajasthan. (Source: Fibre2Fashion.com)