Due to low demand, the cotton yarn market in North India had a bearish trend today. In Ludhiana, cotton yarn costs decreased by $5 per kg as a result of weak customer demand. However, costs in Delhi remained constant. Traders claimed that low consumer demand is a result of the garment industry’s ongoing struggles with declining sales.
Cotton yarn costs decreased by $5 per kilogramme in the Ludhiana market. “Buyers were hesitant to purchase at the existing rates. The downstream industry remained unresolved. The payment terms were also strict, which made purchasing more difficult, according to a merchant from the Ludhiana market.
In Ludhiana, 30 count cotton combed yarn was offered for sale for between $277 and $287 per kg (GST included); 20 and 25 count combed yarn was exchanged for between $267 and $277 and $272 and $282 per kg, respectively; and 30 count carded yarn was stable at between $257 and $267 per kg.
Prices for cotton yarn in Delhi remained constant, and trade activity was similarly constrained. A trader from the Delhi market claimed that the downstream industry’s demand had once more slowed. The consumer industry was unable to make secure purchases of cotton yarn. In the market, 30 count combed yarn was sold for between 280 and 285 (including GST) per kg, 40 count combed for between 305 and 310, 30 count carded for between 255 and 260, and 40 count carded for between 280 and 285 per kg.
The market for recycled yarn in Panipat also observed weak purchasing. Traders said that the fall in purchases from industrial units was due to insignificant export orders. Few regenerated yarn counts decreased by 2–5 per kg. Comber and recycled polyester fibre, however, stayed the same.
Today, 10s recycled yarn (white) was sold for between 88 and 90 (plus GST) per kg, 10s recycled yarn (coloured – high quality) for between 105 and 110, 10s recycled yarn (coloured – low quality) for between 80 and 85, 20s recycled PC coloured (high quality) for between 110 and 115, and 30 recycled PC coloured (high quality) for between 145 and 150. Market pricing for 10s optical yarn ranged from $100 to $110 per kilogramme, while comber costs were observed at $150 to $155 per kg. Recycled polyester fibre (PET bottle fibre) cost between $80 and $82 per kg.
In spite of lower output projections, cotton prices in North India remained stable. For the current marketing season 2022–23, the Cotton Association of India revised their production estimate downward by 9.25 lakh bales of 170 kg each to 330.50 lakh. Local traders claim that despite lesser production, demand from spinners remained sluggish, which prevented a price increase. Because of lesser consumption brought on by price discrepancy, prices are not likely to rise. In Punjab, Haryana, and upper Rajasthan, cotton was traded for between 6,250 and 6,375 rupees per maund, between 6,200 and 6,350 rupees per maund, and between 60,500 and 62,000 rupees every candy weighing 356 kg. In north India, 14,000 170 kg bales of cotton were observed as arriving.
