Better buying for export orders was also reported by trade sources from the Ludhiana market. According to a trader from Ludhiana, Indian exporters have received orders from numerous international markets. According to TexPro, 30 count cotton combed yarn was sold for between 282-292 per kg (GST included). Traded prices for 20 and 25 count combed yarn were 272-282 and 277-287 per kilogramme, respectively. 30 count carded yarn’s price per kg was stable at $262 to $272.
While there was little demand, pricing in the market for recycled yarn in Panipat remained unchanged. According to traders, purchasers were purchasing cotton yarn in anticipation of future demand. They were staying away from stockpiling raw materials for their anticipated demand. White 10s recycled yarn was sold for between 88 and 90 per kg (GST extra). recycled yarn 10s (coloured – high quality) was exchanged for 20s recycled PC coloured (high quality) for 110-115 per kilogramme and 10s recycled yarn (coloured, low quality) at 80-85 per kg. The market price for 30 recycled PC coloured (high quality) yarn was between 145 and 150 yen per kilogramme, whereas the price for 10s optical yarn was between 100 and 110 yen per kg. Price ranges for crab were indicated as 150-155 per kg. Recycled polyester fibre, often known as PET bottle fibre, is priced between $82 and $84 per kg.
In the meantime, despite a decline in demand, cotton prices in north India remained stable. The traders claimed that the supply and demand for cotton were both constrained. Low demand prevented cotton prices from benefiting from reduced arrival. The MCX cotton candy future’s softness was also unhelpful for the yarn market. Arrival of cotton was about 11,000 170 kg bales throughout the states of northern India. The price of cotton per maund of 37.2 kg varied between 6,300 and 6,400 in Punjab, 6,300 and 6,400 in Haryana, and 6,475 and 6,550 in upper Rajasthan. In lower Rajasthan, cotton was sold for between 60,500 and 62,500 rupees each 356 kg candy.
