Foreign news reported on September 12 that the yarn market in northern India showed a downward trend today as insufficient demand forced sellers to lower prices. The price of a few varieties of cotton yarn fell by 5 rupees per kilogram. However, there is a good sign emerging that cotton yarn export demand is seen in Delhi and procurement is expected to start for export orders in November and December.
Delhi markets remain bearish today. The price of 30-count woolen cotton yarn fell by 5 rupees per kilogram, but the prices of other varieties were stable. Traders expect the downward trend to halt due to export orders for cotton yarn from Bangladesh and other countries. A trader in the Delhi market said: As yarn export orders pick up, the market may soon see a U-shaped reversal. Once better buying becomes apparent, the market will get a boost. Domestic festive season and winter demand will also help increase demand. According to the survey, the price of 30-count combed yarn is 375-380 rupees per kilogram, the price of 40-count combed yarn is 415-420 rupees per kilogram, the price of 30-count combed yarn is 330-335 rupees per kilogram, and the price of 40-count combed yarn is 330-335 rupees per kilogram. 70-375 rupees.
Ludhiana market is also showing a downward trend. Cotton yarn prices also fell further by Rs 5 per kg here as buyers remained silent. Traders in this market are feeling uncertainty about market sentiment. A local trader said: “Buyers are not interested in taking risks, so they do not want to buy more cotton yarn than normal consumption. If the demand from the downstream industry improves, the market will be stimulated.” In Ludhiana, 30-count combed Cotton yarn is sold at Rs 380-385 per kg. The price of 20-count and 25-count combed yarn is 370-375 rupees/kg and 375-380 rupees/kg. The price of 30 count woolen yarn is 330-335 rupees per kilogram.
The price of recycled yarn in the Panipat market has a bearish tone. Combed cotton fell by Rs 5 per kg due to poor demand in the home textiles segment. Recycled polyester, however, has stabilized due to supply shortages. A trader said that the price of high-count recycled yarn has fallen. For example, the price of 20-count recycled yarn dropped by 5 rupees per kilogram. He said buyers were only purchasing as needed due to uncertainty about demand recovery. In Panipat market, the price of 10-count recycled yarn (white) is Rs 88-93 per kg. The price of 10-count recycled yarn (color-high quality) is Rs 105-110 per kg, and the price of 10-count recycled yarn (color-low quality) is Rs 80-85 per kg. The price of 20 count recycled high quality yarn (color) is Rs 115-120 per kg. 30 count recycled yarn costs 160-165 rupees. The price of combed cotton fell by 5 rupees per kilogram to 135-130 rupees per kilogram. Recycled polyester fiber prices have stabilized at Rs 90-92 per kg.
At the same time, due to the increase in arrivals, cotton prices in northern India fell by 200-300 rupees per 37.2 kg. Most of the cotton arrives in Haryana. A small amount of cotton has arrived from Punjab. The forward deals will be delivered in September and October. New cotton spot trading price is 8,800-8,850 rupees per 37.2 kg. The forward cotton transaction price for September delivery is 8500-8550 rupees per 37.2 kg, and the October transaction price is 7900-7950 rupees.
