The Ludhiana market reported a drop in cotton yarn costs, with a decrease of ₹3 per kg. The need from the downstream market stayed slow. But there is capacity for assistance from Chinese export orders for cotton yarn in the days to come. Gulshan Jain, a trader from the Ludhiana market, informed Fibre2Fashion, “There were reports about cotton yarn export orders from China. Several mills have managed to secure orders from Chinese buyers. They purchase cotton yarn in line with the increase in ICE cotton prices.” In Ludhiana, the 30-count cotton combed yarn cost ₹255-265 per kg (GST inclusive), while the 20 and 25-count combed yarn traded at ₹245-250 per kg and ₹250-255 per kg respectively. Carded yarn of 30-count was kept in mind at ₹235-245 per kg, according to Fibre2Fashion’s market insight tool TexPro.
North Indian cotton yarn market stays bearish, with costs alleviating in Ludhiana and remaining steady in Delhi due to slow need.
However, reports of Chinese import orders might affect the marketplace.
In Panipat, cotton comber costs decreased while recycled yarn preserved previous levels.
The upcoming crop in September might stabilise the marketplace.
In the Delhi market, the cotton yarn costs stayed constant. The market belief was weaker due to poor need from the customer market. A trader from the Delhi market informed F2F, “Weaving and finishing activities may be affected in north India due to rains. Some areas of Ludhiana, which house several dyeing units, were forced to close as the nearby drainage system flooded. This could negatively impact market sentiments as the weaving industry could further slow down after disruptions in the processing industry.”
The 30-count combed yarn traded at ₹260-262 per kg (GST additional), with the 40-count combed trading at ₹290-292 per kg in Delhi. The 30-count carded traded at ₹232-235 per kg and the 40-count carded at ₹262-265 per kg, based on TexPro.
The recycled yarn market in Panipat did disappoint any substantial modifications, other than for a minor ease in cotton comber. Recycled yarn costs stayed at previous levels. A two-day vacation every week at the spinning mills led to minimized cotton comber usage, resulting in a reduction of ₹4 per kg. Yet, the costs for recycled yarn stayed steady in the market.
In Panipat, 10s recycled PC yarn (grey) was traded at ₹77-82 per kg (GST paid). Other ranges and counts were kept in mind at 10s recycled PC yarn (black) at ₹50-54 per kg, 20s recycled PC yarn (grey) at ₹92-97 per kg and 30s recycled PC yarn (grey) at ₹135-145 per kg. Comber costs were hovering at ₹116-118 per kg. Recycled polyester fiber (family pet bottle fiber) was kept in mind at ₹70-72 per kg.
North Indian cotton costs were constant due to restricted purchasing from spinners. Traders recommended that the existing crop is ending, minimizing arrival to minimal levels. Ginners are offering cotton from their stocks. The approximated arrival of cotton was around 800 bales of 170 kg in the north India area. The natural fiber was traded at ₹5,825-5,925 per maund of 37.2 kg in Punjab, ₹5,625-5,725 per maund in Haryana and ₹5,925-6,050 per maund in upper Rajasthan and at ₹54,500-56,000 per sweet of 356 kg in lower Rajasthan.
The brand-new crop will show up in the very first week of September in the north Indian market if the weather condition stays beneficial. Recent floods and extreme rains have actually not impacted north India’s cotton crop. Instead, the rains supplied much-needed wetness to the crop. However, traders revealed small issue as late rains impacted the crop in the previous year, triggering damage.
Fibre2Fashion News Desk (KUL)
