Due to a decline in demand from the weaving sector, the price of cotton yarn in North India fell by 2-4 rupees per kg. The market did not exhibit any signs of improvement due to the weakening export demand. According to trade sources, cotton yarn production at spinning mills was briefly suspended to avoid stock piling. While there were problems with payments and diminishing demand in the markets in Ludhiana and Delhi, the recycled yarn market in Panipat was less optimistic. However, prices for recovered PC yarn held steady as producers battled with a scarcity of basic materials.
Due to insufficient demand from the weaving industry, cotton yarn prices in the Delhi market fell by 2 to 4 rupees per kilogramme. Mills and stockists faced pressure to reduce the price at which they were selling their stock. “Spinning mills are considering stopping production,” a merchant from the Delhi market said. for 1-2 days each week to prevent cotton yarn buildup. They are unable to switch to producing polyester and PC yarn because the demand in this market is similarly unattractive. In Ludhiana, 30 count cotton carded yarn was recorded at 255-265 per kg, 20 and 25 count combed yarn traded at 267-277 and 270-280 per kg, respectively, and 30 count cotton combed yarn was sold at 277-287 per kg (GST inclusive). In spite of reduced sales, the recycled yarn market in Panipat saw stability in recycled PC yarn. Trade sources report that there was relatively little demand for yarn from the weaving sector. Due to rising production costs, spinners were unwilling to lower prices. More expensive raw materials, such rugs and used clothing, didn’t not easy because of a lack of supply. Prices for basic materials and recycled yarn remained constant.
In Panipat, 10s recycled PC yarn (grey) traded for between 85 and 90 rupees (plus GST); 10s recycled PC yarn (black) for between 60 and 65 rupees; 20s recycled PC yarn (grey) for between 95 and 100 rupees; and 30s recycled PC yarn (grey) for between 150 and 155 rupees. Comber costs ranged from 140 to 145 per kg. Priced around $75–$78 per kg, recycled polyester fibre (PET bottle fibre) was available.
Today’s decrease in North Indian cotton prices, brought on by a negative trend in ICE cotton, was between $25 and $30 per maund (37.2 kg). According to trade insiders, the global cotton slowdown and decreased demand from spinners were to blame for the negative sentiment in north Indian cotton prices. The time of arrival was noted as 5,000 (170 lb each) bales. In Punjab, Haryana, and upper Rajasthan, cotton traded at $6,075–6,175 per maund, $6,075–6,175 per maund, and $6,275–6,375 per maund, respectively. In lower Rajasthan, it was sold for between 58,700 and 60,700 per sweet (356 kg)
