8.3 C
Munich
Friday, March 1, 2024

Cotton yarn demand low in north India; prices down in Ludhiana

Must read

[ad_1]

North India’s cotton yarn market has turned bearish today due to low demand from the garment industry. Cotton yarn prices have eased by ₹3-4 per kg in Ludhiana as a result of low demand, while the Delhi market has noted stability in prices. Cotton yarn demand from the export market has been average, but the downstream industry has not been as positive. 

Trade sources from Ludhiana market have said that the export demand for cotton yarn has been normal, but the downstream garment industry’s buying is sluggish. A trader from the Ludhiana market told Fibre2Fashion, “Spinning mills have remained silent in selling cotton yarn, but the market has noticed a decline in prices due to poor demand from the downstream industry.” 

North India’s cotton yarn market has turned bearish today due to low demand from the garment industry. Cotton yarn prices have eased by ₹3-4 per kg in Ludhiana as a result of low demand, while the Delhi market has noted stability in prices. Cotton yarn demand from the export market has been average, but the downstream industry has not been as positive.

In Ludhiana, 30 count cotton combed yarn was sold at ₹283-293 per kg (including GST); 20 and 25 count combed yarn were traded at ₹273-283 per kg and ₹278-288 per kg, respectively; carded yarn of 30 count steadied at ₹262-272 per kg, according to Fibre2Fashion’s market insight tool TexPro.

In Delhi, cotton prices have remained steady due to average buying. Cotton yarn demand may stay low due to the upcoming festival of Holi. A trader from the Delhi market told Fibre2Fashion, “The Delhi market will see lower trade volume because the Holi festival is approaching. The market will come under the grip of festivity, and there may continue to be limited buying and steadiness in prices.” According to TexPro, 30 count combed yarn was traded at ₹285-290 per kg (GST extra), 40 count combed at ₹315-320 per kg, 30 count carded at ₹266-270 per kg, and 40 count carded at ₹295-300 per kg. 

Panipat’s recycled yarn market has also noted stability amid slower demand. Traders have said that weak demand is likely to continue for the next 2-3 weeks. 10s recycled yarn (grey) was traded at ₹88-92 per kg (GST extra), 10s recycled yarn (black) was traded at ₹60-65 per kg, 20s recycled yarn (grey) at ₹105-110 per kg, and 30s recycled yarn (grey) at ₹150-155 per kg. Comber prices were noted at ₹150-152 per kg and recycled polyester fibre (PET bottle fibre) was noted at ₹79-81 per kg. 

North India’s cotton prices have decreased by ₹25-50 per maund of 37.2 kg due to higher arrival. According to traders, there are only two months left in the cotton arrival season. Farmers have a huge stock of cotton because they did not sell their entire produce and now, they are keen to sell their crop at current prices, which are likely to remain bearish in the coming weeks. Cotton arrival has further increased to 16,000 bales of 170 kg each from 14,000 bales in North Indian states. Cotton was traded at ₹6,300-6,400 per maund in Punjab, ₹6,300-6,400 per maund in Haryana, and ₹6,490-6,590 per maund in upper Rajasthan, and at ₹60,500-62,500 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)

[ad_2]

Source link

- Advertisement -spot_img

More articles

- Advertisement -spot_img

Latest article