Although demand from the downstream industry was noticeably weak, cotton yarn prices in north India remained constant. Traders are unsure of the likelihood of an increase in demand. They think that the home market is under more pressure now because of slow global purchasing. The market outlook has also been adversely impacted by expanded spinning capacity and the import of Chinese textiles and apparel.
As the demand for cotton yarn continued to be sluggish, the Ludhiana market took on a pessimistic tenor. However, a minor increase in natural fibre caused prices to settle. The huge import of textiles and apparel from China has alarmed market participants. Demand for cotton yarn, which is upstream in the textile value chain, was weak. The Ludhiana market dealer said, “The import of Chinese fabrics and apparel is affecting domestic yarn sales. The Indian market sells imported fabrics and apparel, with an increase in polyester-cotton and poly-spun based clothing. With less demand from the downstream industry, the Delhi market also noticed a downward trend in the cost of cotton yarn. Weaker attitudes are a big source of concern for the market, according to a trader from the Delhi market . Buyers are just making purchases for immediate necessities since they do not see an upward trend in the near future. Spinning mills’ increased capacity is also leading to surplus production, which is challenging to deal with in the slow economy we currently have.
Delhi saw trades for 30 count combed yarn at 280-285 rupees per kg (including GST), and 40 count combed at 305-310 rupees per kg. According to TexPro, 30 count carded at 255-260 per kg and 40 count carded at 285-290 per kg.
The value chain for home furnishings saw a dip in purchases at Panipat’s recycled yarn market. The home market was experiencing a seasonal fall, while trade sources blamed the decline in global demand on economic worries. Raw supplies were likewise in low supply on the market. Although there was a higher demand for recycled yarn made entirely of cotton, the raw material supply remained constrained.
Grey 10s recycled PC yarn was sold for between $85 and $90 per kg (including GST), whereas black 10s recycled PC yarn was sold for between $60 and $65 per kg. Grey recycled PC yarn from the 1920s and 1930s was sold for between 95 and 100 per kg. yarn in the range of 150-155 kilogramme. Prices for crab were observed at between 150 and 152 per kilogramme. Recycled polyester fibre (fibre from PET bottles) was measured at between $78 and $80 per kg. There was a minor drop of 2–3 per kg in the 10s recycled PC yarn (grey). The cost of cotton comber increased by $4 per kg, while the cost of regenerated polyester fibre increased by $2 per kg. Cotton comber is in short supply, which suggests that spinners are producing less cotton combed yarn.
After increasing late last week, cotton prices in north India continued to hold steady, fluctuating between $50 and $60 per maund of 37.2 kg since last Thursday. Although the demand from spinning mills was average, traders reported that cotton prices are unlikely to fall and will remain range-bound. Cotton prices ruled today. in Punjab at $6,300-6,400 per maund of 37.2 kg, in Haryana at $6,325-6,425 per maund, and in upper Rajasthan at $6,530-6,630 per maund. Lower Rajasthan saw cotton prices range from 61,000 to 63,000 per sweet weighing 356 kg. 7,500 170 kg bales were identified as having arrived in North Indian markets. Farmers stalled the arrival of cotton because they had a deadline for harvesting and selling their wheat crop to the government.
