Cotton yarn prices remained steady in north India today as trade activities slowed down. With Diwali just a week away, traders and buyers seem to have already gone in the festive mode. Traders said that there was little chance of fluctuations in cotton yarn till Diwali. Panipat (recycled yarn market) and Ludhiana witnessed weak market sentiments.
Ludhiana’s yarn market witnessed a steady trend. Cotton yarn was traded at the same prices as last week. A trader from Ludhiana market told Fibre2Fashion, “Buyers are only purchasing for their immediate needs as the market is lacking the confidence for a higher demand. The post-Diwali scenario will be very important for cotton trade.”
In Ludhiana, 30 count cotton combed yarn was sold at ₹300-310 per kg (GST inclusive), according to Fibre2Fashion’s market insight tool TexPro. 20 and 25 count combed yarn were traded at ₹290-300 per kg and ₹295-305 per kg respectively. Carded yarn of 30 count steadied at ₹275-285 per kg.
In the Delhi market, 30 count combed yarn was traded at ₹310-315 per kg (GST extra), 40 count combed at ₹345-350 per kg, 30 count carded at ₹280-285 per kg and 40 count carded at ₹315-320 per kg, as per TexPro.
Prices of recycled yarn in the Panipat market remained steady. According to the traders, recycled yarn market is feeling the pressure due to a muted demand. The market sentiments are very weak in the home furnishings segment in the run up to the festival. Due to a weak demand from end consumers and slow exporters, manufacturers are focusing in disposing their stocks in the current season.
In the Panipat market, 10s recycled yarn (white) was traded at ₹100-105 per kg (GST extra). 10s recycled yarn (coloured – high quality) was traded at ₹110-115 per kg, 10s recycled yarn (coloured – low quality) at ₹80-85 per kg and 20s recycled PC coloured (high quality) at ₹115-120 per kg. 30 count recycled yarn was sold at ₹155-160 per kg. 10s optical yarn was priced at ₹120-125 per kg in the market. Comber prices were ruling at ₹120-125 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹88-90 per kg.
Cotton prices in north India increased by ₹200-220 per maund of 37.2 kg. However, trade was very thin amid weak demand. According to the traders, spot cotton prices gained as it found support from the upward trend in futures. Daily arrival in north India was noted at 18,000-19,000 bales of 170 kg each. Cotton was traded at ₹6,970-7,000 per maund.
Post time: Oct-18-2022