Buyers were absent in Ludhiana after Holi, and traders were not interested in new deals as buyers were inactive. A trader from the Ludhiana market told Fibre2Fashion, “The market could not come out of the grip of the festival. Buyers and sellers were not active for any deals. Thin trade may continue until this week, and the market may only get direction on Monday.”
There was limited trade in the cotton yarn market in North India after the celebration of Holi. The North Indian market witnessed muted buying today, and traders said that cotton yarn prices remained stable. They anticipate any movements only in the next week when buyers return to the market. The demand from the downstream industry was very weak.
According to Fibre2Fashion’s market insight tool TexPro, 30 count cotton combed yarn was sold at ₹285-295 per kg (GST inclusive), while 20 and 25 count combed yarn were traded at ₹275-285 per kg and ₹280-290 per kg, respectively. Carded yarn of 30 counts was steady at ₹264-274 per kg.
In Delhi, cotton yarn prices remained stable amid slow trade, and trading activities were limited. “The market was still in holiday mood, and this trend may continue for the next couple of days,” a trader from Delhi market told F2F. In this market, 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, as per TexPro.
Panipat’s recycled yarn market also noted a steady trend in prices. A trade source from Panipat said that recycled cotton yarn prices were hovering at previous levels. 10s recycled PC yarn (grey) was traded at ₹88-92 per kg (GST extra). 10s recycled PC yarn (black) was traded at ₹60-65 per kg, 20s recycled PC yarn (grey) at ₹105-110 per kg, and 30s recycled PC yarn (grey) at ₹150-155 per kg. Comber prices were noted at ₹155-160 per kg, while recycled polyester fibre (PET bottle fibre) was noted at ₹74-77 per kg.
Spinning mills did not show an interest in buying, resulting in North India’s cotton prices to decline. Cotton arrival returned to normal immediately after Holi, and North India’s arrival was estimated at 15,000 bales of 170 kg. However, spinners did not engage in fresh buying as they wanted to assess the future demand for cotton yarn. Cotton was traded at ₹6,250-6,325 per maund of 37.2 kg in Punjab, ₹6,250-6,325 per maund in Haryana, and ₹6,450-6,550 per maund in upper Rajasthan, while cotton was sold at ₹60,000-62,000 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)