INSIGHTS
- North Indian cotton yarn prices fell due to reduced demand from the weaving industry and weak export demand, leading spinning mills to consider partially halting production to prevent stock accumulation.
- Cotton yarn prices declined in Delhi and Ludhiana.
- Panipat’s recycled yarn market experienced weak demand, but recycled PC yarn prices remained stable.
North Indian cotton yarn prices dipped by ₹2-4 per kg due to reduced demand from the weaving industry. With export demand remaining weak, the market showed no signs of improvement. Trade sources revealed that spinning mills considered partially halting cotton yarn production to prevent stock accumulation. Ludhiana and Delhi markets faced payment issues and declining demand, while Panipat’s recycled yarn market experienced weaker sentiment. However, recycled PC yarn prices remained stable as manufacturers also dealt with raw material shortages.
The Delhi market experienced a decline in cotton yarn prices by ₹2-4 per kg, with weak demand from the weaving industry. Mills and stockists felt pressured to sell their stock at lower prices. A trader from the Delhi market told Fibre2Fashion, “Spinning mills are considering stopping production for 1-2 days a week to avoid the accumulation of cotton yarn. They cannot shift to polyester and PC yarn production as demand in this segment is also not promising.”
In Delhi, 30 count combed yarn traded at ₹270-280 per kg (GST extra), 40 count combed at ₹300-305 per kg, 30 count carded at ₹248-255 per kg, and 40 count carded at ₹280-285 per kg, according to Fibre2Fashion’s market insight tool TexPro.
The Ludhiana market also witnessed a drop in prices, with cotton yarn trading ₹2-3 per kg lower than previous prices. A trader from the Delhi market told F2F, “There was no indication of improvement in demand from the weaving industry. The entire value chain faced pressure due to weak demand. The market also faced a payment crisis, which limited the purchasing capacity of buyers.”
As per TexPro, 30 count cotton combed yarn was sold at ₹277-287 per kg (GST inclusive); 20 and 25 count combed yarn traded at ₹267-277 per kg and ₹270-280 per kg, respectively; and carded yarn of 30 count was noted at ₹255-265 per kg in Ludhiana.
Panipat’s recycled yarn market observed stability in recycled PC yarn amid slower buying. According to trade sources, yarn demand from the weaving industry was very poor. However, spinners were not willing to reduce prices due to higher production costs. Costlier raw materials, such as rugs and old clothes, did not ease due to limited supply. Recycled yarn and raw material prices remained stable.
In Panipat, 10s recycled PC yarn (grey) traded at ₹85-90 per kg (GST extra); 10s recycled PC yarn (black) at ₹60-65 per kg; 20s recycled PC yarn (grey) at ₹95-100 per kg; and 30s recycled PC yarn (grey) at ₹150-155 per kg. Comber prices were noted at ₹140-145 per kg. Recycled polyester fibre (PET bottle fibre) was priced at ₹75-78 per kg.
North Indian cotton prices declined by ₹25-30 per maund (37.2 kg) today, influenced by a bearish trend in ICE cotton. Trade sources mentioned that the weaker sentiment in north Indian cotton prices was due to the global cotton downturn and reduced demand from spinners. The arrival was recorded at 5,000 bales (170 kg each). Cotton traded at ₹6,075-6,175 per maund in Punjab, ₹6,075-6,175 per maund in Haryana, and ₹6,275-6,375 per maund in upper Rajasthan. It sold for ₹58,700-60,700 per candy (356 kg) in lower Rajasthan.
Source: https://www.fibre2fashion.com/