Cotton yarn prices steadied in North Indian markets today amid sluggish demand. Traders said that there is a possibility of seeing a declining trend in cotton yarn, as the entire textile value chain has reduced cotton-based operations. Meanwhile, the price of recycled yarn used in furnishing textiles slipped further by Rs. 5-10 per kg in Panipat.
Cotton yarn prices remained stable in Ludhiana market due to weak demand from fabric manufacturers. A local trader told, “They are buying yarn for immediate requirements, and no sign is visible for improvement in prices.” Sources said that stockiest were trying to clear their stocks.
In Ludhiana, 30 count cotton combed yarn was sold at Rs. 420-425 per kg (GST inclusive), according to market insight tool TexPro. 20 and 25 count combed yarn was traded at Rs. 410-415 per kg and Rs. 415-420 per kg respectively. Carded yarn of 30 count was quoted at Rs. 360-365 per kg.
Delhi market also noted stable trend in cotton yarn. According to traders, there is limited trade and prices are not getting support. While stockiest are selling off their stocks even at loss, mills are not keen to reduce their stocks as they do have not too much stocks left. They have already halved their yarn production due to costlier cotton. 30 count combed yarn was traded today at Rs. 405-415 per kg (GST extra), 40 count combed at Rs. 445-460 per kg, 30 count carded at Rs. 365-370 per kg and 40 count carded at Rs. 405-410 per kg.
Panipat market noted further downward trend in recycled yarn prices. Poor demand and downfall in cotton comber dampened the recycled yarn market. The price of comber declined to Rs. 150 per kg after drop in cotton prices. Earlier, comber was sold at a higher price of Rs. 170 per kg.
In Panipat market, recycled yarn price fell by Rs. 5-10 per kg. 10s recycled yarn (white) was traded at Rs. 95-105 per kg (excluding GST), 10s recycled yarn (coloured – high quality) at Rs. 140-145 per kg, 10s recycled yarn (coloured – low quality) at Rs. 95-105 per kg, and 20s recycled high quality PC yarn (coloured) at Rs. 185-195 per kg. 10s optical yarn was traded at Rs. 125-130 per kg in the market.
Meanwhile, poor buying from mills and sluggish trend in ICE cotton dampened North Indian cotton prices. In Punjab cotton was sold at Rs. 10,400 per mound of 37.2 kg, compared to the price of Rs. 10,500 per mound recently.
