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INSIGHTS
North Indian cotton yarn prices are declining due to weak demand and competition from cheaper polyester.
Ludhiana saw a decrease in prices, while Delhi maintained stability despite sluggish demand.
Panipat's recycled yarn market also experienced reduced demand.
Meanwhile, cotton prices in Punjab, Haryana, and Rajasthan continue to be affected by low demand.
Cotton yarn prices in north India continue to fall due to dwindling demand. Cheaper polyester fibre and its raw materials have also pushed cotton's value chain down. In Ludhiana's market, cotton yarn prices decreased by ₹5 per kg, reflecting a sluggish demand also seen in the Delhi market. However, cotton yarn prices remained steady overall. The recycled yarn market in Panipat held steady as well, amid a slow demand due to weak home furnishing product exports.
The Ludhiana market registered a decrease of ₹5 per kg in cotton yarn prices, indicating a bearish trend. Market conditions have been dampened by a softening in cotton prices. A trader from the Ludhiana market told , “The demand from the weaving industry and exporters has yet to improve. Mills, struggling with a liquidity crunch, are offering lower discounts. Stockists and traders are also selling cotton yarn at lower prices.”
In Ludhiana, 30 count cotton combed yarn was sold at ₹265-275 per kg (GST inclusive), and the 20 and 25 count combed yarn traded at ₹255-260 per kg and ₹260-265 per kg respectively. Carded yarn of 30 count was recorded at ₹245-255 per kg. Last week, cotton yarn prices experienced a decline in the market.
The Delhi market exhibited stability in cotton yarn prices, even though demand from the weaving industry hasn't improved. A trader from the Delhi market told, “Slower exports were the main concern for the market. The recent fall in polyester prices also resulted in decreased demand for cotton. Manufacturing units in the textile value chain haven't found cotton viable, making it less attractive.”
As per TexPro, 30 count combed yarn traded at ₹260-273 per kg (GST extra), 40 count combed yarn at ₹290-300 per kg, 30 count carded yarn at ₹238-245 per kg, and 40 count carded yarn at ₹268-275 per kg in Delhi.
Panipat's recycled yarn market has also witnessed a slowdown in demand from home furnishing product manufacturers. Trade sources indicate that the demand for these products significantly declined post-COVID-19, with no immediate signs of improvement. 10s recycled PC yarn (grey) traded at ₹80-85 per kg (GST extra), while 10s recycled PC yarn (black) traded at ₹50-55 per kg. 20s recycled PC yarn (grey) was priced at ₹95-100 per kg, and 30s recycled PC yarn (grey) at ₹140-150 per kg. Comber prices were registered at ₹130-132 per kg. Recycled polyester fibre, derived from PET bottles, was noted at ₹69-70 per kg.
North Indian cotton prices have been hit by weak demand from spinners. Traders said that despite lower arrivals, the demand for cotton from spinners and exporters remains unimproved. The recent decline in polyester fibre and its raw materials has further diminished cotton's appeal. As the price gap between natural and man-made fibre widens, polyester becomes more viable. Cotton arrival was noted at 5,000 bales of 170 kg each. Cotton was traded at ₹5,875-5,975 per maund in Punjab, ₹5,850-5,950 per maund in Haryana, and ₹6,150-6,250 per maund in upper Rajasthan and ₹56,000-58,000 per candy of 356 kg in lower Rajasthan
Article Courtesy : FIber2Fashion
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