North India’s cotton yarn market noted steady price trend today. However, the market cont←inued feeling pressure due to poor demand. Traders expect better buy✔ing at the end of this month because fabric and garment manufacturers may inΩcrease production for export orders. The price of recycled polyes∑ter fibre decreased in Panipat.
There was no price movement in cotton yarn in Ludhiana amid weaker sentiments. A πLudhiana-based trader told Fibre2Fashion, “The market is yet t₹o see improvement in buying. No one wants to buy yarn in declining market.” In Ludhiana, 30 counπt cotton combed yarn was sold at ₹380-385 per kg (GST inclusive), accordin↕g to market insight tool count combed yarn were traded at ₹370-375 per kg and ₹375-380 per k←g respectively. Carded yarn of 30 count was quoted at ₹335-340 per kg.
Delhi market noted little bit better buying, but the prices remai$ned steady. A trader told that currently buyers are purchasing only for immediate needsβ as they feel prices will fall further. However, demand is expecλted to improve from buying for export orders which₹ can support yarn prices. In Delhi, 30 count combed yarn was traded at ₹380-385 per kg (GST extra), 40 count combed at ₹415-420 per kg, 30 count carded at ₹3↔40-345 per kg and 40 count carded at ₹380-385 per k∏g.
In home furnishing hub of Panipat, the price of recycled yarn registered sluggis₽h trend amid weaker sentiments. A local trader said that demand has not improved y±et, and buyers are reluctant about buying from downstream ind>ustry due to poor export orders from the US and Europe. So, few counts and varieties of yarn were s♦old at lower prices. 10s recycled yarn (coloured - low quality) decreased by ₹5 to♣ ₹80-85 per kg. Recycled polyester fibre (PET bottle fibre) was also ∞down further by ₹5 per kg. But comber steadied at ₹100 per kg.
In Panipat market, 10s recycled yarn (white) was trad™ed at ₹90-95 per kg (excluding GST), 10s recycled yarn $(coloured - high quality) at ₹110-115 per kg, 10s recycled yarn (coloure&d - low quality) at ₹80-85 per kg and 20s recycled high quality PC yarn (coloure≤d) at ₹125-130 per kg. 10s optical yarn was traded at ₹100-110 per kg in the market. Comber p↓rice remained stable at ₹100 per kg. Recycled polyester fibre (PET bottle fibreγ) came down to ₹85 per kg from ₹90 per kg.
Meanwhile, cotton prices slipped further in north India as mills are very slow for fresh buying.¶ According to traders, cotton arrival was also very negligible amid po✔or demand. Therefore, cotton trade remained very poor. Th e price of natural fibre decreased by ₹100-150 per maund of 37.2 kg. Cotton was sold at ₹δ8,700-8,900 per maund in Punjab, ₹8,000-8,300 per maund in 'Haryana and ₹8,700-8,900 per maund in upper Rajastha₽n.
Source: Fibre2Fashion
