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 fibre costs were rising for spinners. Spinners intended to pass on higher manufacturing costs, but a lacklustre 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 fibre 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. According to a vendor from the market in Ludhiana, “Polyester spun Huge amounts of yarn are imported from Indonesia and other nations. In anticipation of higher margins from non-cotton clothing, garment plants are transitioning towards less expensive raw materials. Prices for cotton yarn remained constant.
Due to weak demand, cotton yarn prices also remained stable in Delhi. “Market prospects have been adversely damaged by global macroeconomic conditions. Due of the need for thousands of spindles to produce the necessary amount of yarn, the local textile sector cannot thrive on domestic demand alone. According to a dealer from Delhi’s market, the demand for exports is not anticipated to rise any time soon.
In Delhi, 30 count combed yarn was sold for between 280 and 285 rupees per kilogramme (plus GST), 40 count combed for between 305 and 310, 30 count carded for between 255 and 260, and 40 count carded for between 285-290, according to the data. with TexPro.
Cotton comber and recycled polyester fibre prices, which are crucial raw materials for India’s largest home furnishings centre, were stable at Panipat’s recycled yarn market. The market was seeing a slowdown in home furnishings purchases because, according to trade sources, global demand had decreased during the previous six months. After July, the domestic demand is anticipated to increase.
In Panipat, 10s recycled PC yarn (grey) was sold for between 85 and 90 rupees (plus GST); 10s recycled PC yarn (black) was sold for between 60 and 65 rupees; 20s recycled PC yarn (grey) was sold for between 95 and 100 rupees; and 30s recycled PC yarn (grey) was sold for between 150 and 155 rupees. Prices for crab were observed at between 150 and 152 per kilogramme. PET bottle fibre, or recycled polyester, was 78–80 per kilogramme were observed.
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. In Punjab, Haryana, and upper Rajasthan, cotton was sold for between 6,325 and 6,425 rupees per maund, between 6,525 and 6,625 rupees per maund, and between 60,800 and 62,800 rupees every candy weighing 356 kg.
