Foreign news on May 9 said that despite sluggish demand in the textile industry, cotton yarn prices in northern India remained stable. However, the market sentiment is optimistic due to negotiations on Chinese cotton yarn export orders. Trade sources reported that many spinning mills have received orders to supply cotton yarn to Chinese buyers. These export orders were redirected following recent increases in cotton prices on the Intercontinental Exchange (ICE).
Cotton yarn prices remain stable in Ludhiana market. However, procurement by the textile industry is limited due to stagnant domestic and export demand for apparel. A trader in the Ludhiana market said: “There is speculation that many spinning mills have received export orders for large amounts of cotton yarn from Chinese buyers. The recent rise in ICE cotton futures has caused Chinese importers to shift some orders to India, which may be domestic The cotton yarn market provides support.”
Fibre2Fashion’s market insight tool TexPro shows that the price of 30-count combed cotton yarn is 270-280 rupees per kilogram (including GST); 20 and 25 The transaction price of combed cotton yarn is 267-277 rupees and 270-280 rupees per kilogram. The price of 30 count roving is 255-265 rupees per kilogram. Overall, the price of cotton yarn in the market remains stable.
Cotton yarn prices also remained stable in the Delhi market. However, demand in the textile industry is weak, and cotton mills and stockholders are trying to boost market sentiment. The demand in the domestic cotton yarn consumption industry has not improved. A trader in the Delhi market said: “Spinning mills are drawing up plans to increase market sentiment, but demand has not improved significantly.”
TexPro’s report shows that the Delhi market is different Count cotton yarn prices are as follows: 30-count combed cotton yarn is traded at 270-280 rupees per kilogram (excluding consumption tax), 40-count combed cotton yarn is 300-305 rupees per kilogram, 30-count roving is 248-255 rupees per kilogram, 40-count roving 280-285 rupees per kg.
Panipat recycled yarn market sentiment is weak. Trade sources say the home furnishings industry is facing a dual challenge. After a sharp rise in 2020, export demand has fallen by 50%, and the industry is still grappling with raw material shortages. Due to low demand, the increased production costs caused by the shortage of raw materials cannot be passed on to retailers.
In Panipat market, the trading price of 10-count recycled PC yarn (gray) is 85-90 rupees per kilogram (excluding consumption tax), 10-count recycled PC yarn (black) 55-60 rupees per kilogram, 20-count recycled PC yarn (gray) 95-100 rupees per kilogram, 30-count recycled PC yarn (grey) 150-155 rupees per kilogram. The price of roving is 140-145 rupees per kg and the recycled polyester fiber is 72-75 rupees per kg. The market demand for 10-count recycled PC yarn (black) is weak, causing the price to fall by 2-3 rupees per kilogram. Similarly, the price of recycled polyester yarn also fell by Rs 3 per kg.
After the recent rise, cotton prices in northern India have turned bearish, falling by 20-25 rupees per morund (37.2 kg) today. Trade sources said cotton stocks at ginners are limited and spinners are not interested in buying cotton. Weak demand from downstream industries suggests prices may remain range-bound.
