Cotton yarn demand weakens in northern India, cotton prices fall

Foreign news on May 18th indicates that demand for cotton yarn in northern India remains weak, especially in the textile industry. Coupled with limited export orders, it poses a major challenge to the textile industry. Cotton yarn prices in Delhi fell by as much as Rs 7 per kg, while cotton yarn prices in Ludhiana remained relatively stable. Traders said the situation has prompted spinning mills to shut down operations for two days a week. On the positive side, the recent surge in ICE cotton futures may stimulate Indian cotton yarn export demand.

Cotton yarn prices in the Delhi market fell by as much as 7 rupees per kilogram, and the demand in the textile industry showed no signs of improvement. A Delhi market trader expressed his concerns: “The lack of demand in the textile industry is indeed a worrying issue. Exporters are working hard to secure orders from international buyers. However, the recent surge in ICE cotton futures has given Indian cotton an advantage. If Indian cotton Continuing to be cheaper than global peers, we may see a revival in cotton yarn exports.”

30 count combed cotton yarn is trading at Rs 260-273 per kg (excluding GST), 40 count combed cotton yarn costs 290-300 rupees per kilogram, 30 count carded cotton yarn 238-245 rupees per kilogram, 40 count carded cotton yarn 268-275 rupees per kilogram.

Cotton yarn prices remain stable in Ludhiana market. The textile industry saw reduced demand due to uncertainty in domestic and export apparel demand. “Amid weak purchasing, small textile companies have begun taking extra vacations to reduce production. According to reports, due to the current market downturn, textile companies have suffered heavy losses.”

30 count The sales price of combed cotton yarn is 270-280 rupees per kilogram (excluding GST), the transaction price of 20-count and 25-count combed cotton yarn is 260-265 rupees and 265-270 rupees per kilogram, and the price of 30-count carded cotton yarn is 250-260 rupees per kilogram. , the price of cotton yarn in this market fell by 5 rupees per kilogram.

The Panipat recycled yarn market is also showing a downward trend. According to industry insiders, export companies have difficulty obtaining orders from international buyers, and domestic demand is not enough to support market sentiment.

Cotton prices in northern India fell due to sluggish demand from textile companies. Although the arrival of cotton during the season is limited, buyers are scarce due to the pessimism of the downstream industry. They have no need to stock up in the next 3-4 months. The arrival quantity of cotton is 5200 bales (170 kg per bale). Cotton is traded at 6,000-6,100 rupees per morind (356 kg) in Punjab, 5,950-6,050 rupees per morind in Haryana, 6,230-6,330 rupees per morind in upper Rajasthan, and 58,500- rupees per morind in lower Rajasthan. Rs 59,500.

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