Due to a difficult scenario in the raw material textile value chain, prices of cotton yarn in North India remained steady. Trade sources claimed there was little demand from the weaving sector, and that natural fiber costs were rising for spinners. Spinners intended to pass on higher manufacturing costs, but a lackluster market drove down pricing.
The market’s mood was also affected by increased imports of polyester spun yarn from Indonesia and other nations. The recycled yarn market in Panipat observed stable PC yarn prices, with recycled polyester fiber and cotton Comber selling at earlier levels.
The market in Ludhiana was bearish, and the cost of cotton yarn remained steady. To control production costs, the apparel sector switched to PC and polyester spun yarn.
Cotton Comber and recycled polyester fiber prices at Panipat, India’s largest center for home furnishings, observed stability. These products are crucial raw components. With trade sources reporting that global demand had decreased over the previous six months, the market experienced a slowdown in purchases from the value chain of home furnishings. After July, the domestic demand should increase.
In Panipat, 10s recycled PC yarn gray were sold for between 85 and 90 rupees per kg (plus GST), 10s recycled PC yarn (black) for between 60 and 65 rupees per kg, 20s recycled PC yarn gray for between 95 and 100 rupees per kg, and 30s recycled PC yarn gray for between 150 and 155 rupees per kg. Comber costs were recorded at between 150 and 152 per kg. PET bottle fiber, or recycled polyester, was discovered at 78-80 per kg.
After a recent increase, North Indian cotton prices began to decline, but cotton arrivals and demand remained steady. Spinners were wary of purchasing since there was little demand, which prevented them from raising yarn costs. In North India, there were just 7,000 170 kg bales of cotton arriving. Punjab, Haryana, and higher Rajasthan all traded cotton for between 6,325 and 6,425 rupees per mound, 6,525 to 6,625 rupees per mound, and 60,800 to 62,800 rupees for every candy weighing 356 kilograms in lower Rajasthan.
By: Mansi Suryawanshi
