After Holi, there was little activity in the North Indian cotton yarn market. Today’s market in North India saw only moderate purchasing, and dealers said cotton yarn prices stayed the same. They expect any moves only when buyers return to the market in the next week. The downstream industry had relatively little demand.
Following Holi, buyers were few in Ludhiana, and dealers were not eager to make new deals. According to a vendor from the Ludhiana market, “The market was unable to escape the festival’s hold. For all transactions, there were no active buyers or sellers. This week may be characterized by thin activity, with the market perhaps receiving guidance only on Monday.”
30-count cotton combed yarn was sold for between 285-295 per kilogram (GST included), whereas 20 and 25-count combed yarn was exchanged for between 275-285 per kg and 280-290 per kg, respectively, according to Fibre2Fashion’s market intelligence tool TexPro. 264–274 per kg for carded yarn in the 30 counts ranged consistently.
In Delhi, commerce was slow, and trading activity was little, although cotton yarn prices remained constant. The market was still in a festive mood, and a merchant from the Delhi market informed F2F that this trend might last for several days.
According to TexPro, 30-count combed yarn was sold in this market for between 285-290 (including GST) per kg, 40-count combed for between 315 and 320, 30-count carded for between 266-270, and 40-count carded for between 295 and 300.
Price stability was also seen in the market for recycled yarn in Panipat. According to a trade source from Panipat, recycled cotton yarn costs were reportedly holding steady at prior levels. Grey 10s recycled PC yarn sold for between 88 and 92 cents per kilogram (GST extra).
The price per kilogram for 10s recycled PC yarn (black), the 20s recycled PC yarn (grey), and 30s recycled PC yarn (grey) were 60–65, 105–110, and 150–155, respectively. Prices for comber were reported at $155-260 per kg, while prices for recycled polyester fiber (PET bottle fiber) were reported at $74-67 per kg.
Cotton prices in North India fell due to spinning mills’ lack of interest in purchasing. After Holi, cotton arrival quickly reverted to normal, and the appearance from North India was anticipated to be 15,000 170-kilogram bales.
Yet, spinners refrained from making new purchases to gauge cotton yarn’s future demand. Punjab, Haryana, and upper Rajasthan all traded cotton for between 6,250 and 6,325 rupees every maund of 37.2 kg, whereas lower Rajasthan sold cotton for between 60,000 and 62,000 rupees per candy of 356 kg.
