04 Aug 2022
(Fibre2Fashion News Desk (KUL): North India’s cotton yarn market witnessed better buying but upward trend could not sustain as there was a cash crunch in the value chain of cotton textile. Cotton yarn prices eased ₹5 per kg in Ludhiana, but prices were stable in Delhi. Traders said that demand was improving but weavers are unable to manage liquidity. It is dampening market sentiments.
Delhi market witnessed steady trend as better demand was noted in the market which caters to the nearby states like Uttar Pradesh, Haryana, Rajasthan and Delhi. A trader from Delhi told Fibre2Fashion, “Domestic and export demand picked up in the country’s national capital.”
In Delhi, 30 count combed yarn was traded at ₹370-375 per kg (GST extra), 40 count combed at ₹405-410 per kg, 30 count carded at ₹320-325 per kg and 40 count carded at ₹360-365 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Cotton yarn prices decreased ₹5 per kg in Ludhiana market due to liquidity problem. Most of the counts and varieties eased as buyers are not keen to pay higher prices. A trader from Ludhiana said, “Demand was not the problem, but money was the problem.
Meanwhile, mills and stockists were trying to liquidate their stocks for buying raw materials for coming festival season.”
In Ludhiana, 30 count cotton combed yarn was sold at ₹370-375 per kg (GST inclusive) with loss of ₹5 per kg, according to TexPro. 20 and 25 count combed yarn were traded at ₹360-365 per kg and ₹365-370 per kg respectively. Carded yarn of 30 count was quoted at ₹330-335 per kg.
Steady trend was noted in the recycled yarn prices in Panipat as demand remained very limited. Recycled yarn is mainly used in furnishing products like curtain, pillow cover, bed sheets, quilt, sofa cover etc. Traders said that there was a slightly better buying of some counts.
In the Panipat market, 10s recycled yarn (white) was traded at ₹90-95 per kg (excluding GST), 10s recycled yarn (coloured - high quality) at ₹110-115 per kg, 10s recycled yarn (coloured - low quality) at ₹80-85 per kg and 20s recycled high quality PC yarn (coloured) at ₹125-130 per kg. 10s optical yarn was traded at ₹100-110 per kg in the market. Comber prices were noted at ₹122-127 per kg. Recycled polyester fibre (PET bottle fibre) was sold at ₹89 per kg.
North India cotton prices continued the upward trend on negligible arrival. According to traders, unginned cotton arrival neared to zero. Ginning mills are selling cotton from their stocks. They also have very limited stocks which is supporting the prices. The prices increased around ₹500-700 per maund of 37.2 kg in last one week.
Cotton was traded at ₹9,200-9,600 per maund in Punjab, ₹8,600-9,000 per maund in Haryana and ₹9,200-9,600 per maund in Upper Rajasthan. It was sold at ₹85,500-87,500 per candy of 356 kg in lower Rajasthan. (Source: Fibre2Fashion.com)