This week’s cotton yarn trade in north India got off to a shaky start as the market had trouble finding demand-side support. For the upcoming winter season, traders are hoping for export orders because they think that will give the market the boost that it needs. However, weak demand has further dampened market sentiment, causing cotton yarn prices in Delhi to fall by 2 to 3 rupees per kg. In comparison, Ludhiana’s prices stayed the same. The Panipat market for recycled yarn also observed a consistent trend for both raw materials and recycled yarn.
As buying did not increase, the Ludhiana market also had a pessimistic vibe. According to trade sources, consumers were wary about making purchases, and the textile and apparel industries offered little indication that they would make better purchases soon. Traders believed that the demand would only increase after the winter season’s export orders started, which could be at the end of May or in June. Due to the expectation of future demand, there was no desire to purchase.
In the Ludhiana market, 30 count cotton carded yarn was noted at 255-265 per kg, 20 and 25 count combed yarn was traded at 267-277 and 270-280 per kg, respectively, and 30 count cotton combed yarn was sold for 277-287 per kg (including GST).
Limited trade activity in the Panipat recycled yarn market resulted in a steady rise in cotton comber prices. According to trade sources, export demand domestic consumer buying remained poor, and conditions for home furnishings had not yet improved. Another issue brought on by the more expensive raw materials is that the textile value chain has no margin.
Prices for recycled yarn and raw materials in Panipat remained consistent, with 10s recycled PC yarn (grey) trading at between 85 and 90 rupees per kg (excluding of GST), 10s recycled PC yarn (black) at between 60 and 65 rupees per kg, 20s recycled PC yarn (grey) at between 95 and 100 rupees per kg, and 30s recycled PC yarn (grey) at between 150 and 155 rupees per kg. Prices for recycled polyester fibre (PET bottle fibre) were observed at 78–80 cents per kg, while those for comber were noted at 140–145 cents per kg.
Due to little purchasing and arrival today, cotton prices in north India remained stable. According to trade insiders, the market’s mood was negative because to signs of subpar purchasing in the textile value chain. The quantity that arrived was 5,000 170 kg bales. In Punjab, Haryana, and higher Rajasthan, cotton was sold for between 6,200 and 6,300 rupees per maund, 6,175 to 6,275 rupees per maund, 6,375 to 6,475 rupees per maund, and 60,000 to 61,500 rupees every candy weighing 356 kg in lower Rajasthan.
