Due to increased pressure from spinning mills and stockists due to the lower demand, cotton yarn prices in north India dropped by up to 5 rupees per kilogramme. Market participants were still unsure of which markets to purchase from for home and export purposes. In the markets of Delhi and Ludhiana, cotton yarn was exchanged for less. In the Panipat market, recycled polyester fibre and cotton comber were on the decline. As demand from both local and international markets was moderate, recycled cotton yarn’s price remained stable.
Cotton yarn prices also showed a lower trend in the Delhi market. There was no indication that the demand from the downstream sector would improve. A dealer from the Delhi market stated to that “stockists and millers were compelled to lower cotton yarn pricing. A decrease of $5 per kg was seen in cotton yarn of 30 counts. According to TexPro, 30 count combed yarn was sold for between $265 and $275 per kg (GST extra), 40 count combed for between $300 and 305 kg, 30 count carded for between 243 and 250 kg, and 40 count carded for between 280 and 285 kg.
The market for recycled yarn in Panipat also saw negative sentiment. A loss of between $2 and $3 per kilogramme was seen in recycled polyester and cotton comber. Trade sources claim that lower customer demand caused the price of cotton comber to decrease. Due to a decrease in the cost of virgin polyester staple fibre and its raw ingredients, the price of recycled polyester fibre also decreased. Both local and export demand remained relatively low. Grey 10s recycled PC yarn was sold for between $85 and $90 per kg (GST Extra). 10s of black recycled PC yarn was traded at 55–60 per kilogramme, 95–100 per kg for 20s recycled PC yarn (grey), and 150–155 per kg for 30s recycled PC yarn. Comber costs ranged from 138 to 142 per kg. Recycled polyester fibre, often known as PET bottle fibre, is priced between $72 and $75 per kg. Due to little demand, 10s recycled PC yarn (black) was exchanged at a reduced price.
In the meantime, despite less demand, cotton prices stabilised in north India. Poor demand from the apparel industry, according to traders, lowered market spirits. Until the apparel industry starts to want more cotton, cotton prices are unlikely to be supported. The quantity that arrived was 5,000 170 kg bales. In Punjab, Haryana, and upper Rajasthan, cotton was exchanged at 6,100–6,200, 6,100–6,200, and 6,300–6,400 per maund, respectively. The price of the natural fibre was 356 kg of sweets costs between 59,000 and 61,000 in lower Rajasthan.
