Cotton yarn prices in northern India remain stable, but no increase in downstream demand has yet been seen
Foreign news on April 10, cotton yarn prices in northern India remained stable on Monday, and the market has not yet seen an increase in demand from downstream industries.
Consumer industries are blending other types of fibers to replace more expensive cotton, which is affecting demand for cotton yarn.
Some global brands have set conditions for mixing recycled yarn to meet their environmental commitments, sources said. India’s Banipat recycled yarn market is facing a shortage of recycled polyester fibers and cotton combers, although recycled yarn prices have remained stable.
In the Ludhiana market, demand is sluggish, but due to the recent increase in fiber prices, cotton yarn prices remain stable.
A trader from the Ludhiana market said: “Demand from the downstream industry is weak, and the consumer industry is trying to replace more expensive cotton with more affordable options as much as possible. .Changing consumption patterns are also having a negative impact on cotton yarn demand. Export demand is weak not only in India but globally as well.”
In Ludhiana, 30 count combed cotton yarn The selling price is 276-286 rupees per kilogram (including excise tax); 20 and 25 count combed cotton yarn is 266-276 rupees and 270-280 rupees per kilogram. Carded cotton yarn of 30 count is quoted at 255-265 rupees per kilogram.
In Delhi, cotton yarn prices also remained at previous levels. Demand in the textile industry continues, but is limited.
A trader from Delhi said: “Demand from the textile industry is not encouraging and the market is still waiting for demand in the first month of the new fiscal year 2023/24. It can be improved. Once cotton prices rise, cotton yarn prices will be supported, but the fundamentals are not yet supportive.”
Barneybird recycled yarn market price trend Stable despite sluggish demand.
However, the market encounters a shortage of recycled yarn. Trade sources say textile waste supplies are dwindling due to lack of demand and production.
At the same time, the apparel industry is becoming a bigger consumer of recycled fibers and yarns, driven by global brands. Traditionally, the home furnishing industry has been a major consumer of recycled yarn.
Cotton prices in northern India remained stable after rising in the previous week.
According to traders, cotton prices are unlikely to fall despite the decline in arrivals.
Continued demand from textile mills supports market sentiment. Yet export demand is barely worth mentioning.
The current cotton price in Punjab and Haryana is 6300-6400 rupees/moend (37.2 kg); the cotton price in northern Rajasthan is 6500-6600 rupees/moend Ende; Cotton price in southern Rajasthan is 60,500-62,500 rupees/kandi (356 kg).
The arrival volume of cotton in the northern Indian market is 8,500 bales (1 bale = 170 kg).
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