North India cotton yarn stable amid cautious buying, export demand

Cotton yarn prices opened today at the previous levels as demand scenario and tone did not change in this week. The market witnessed average demand which was enough to maintain prices. A trader from Ludhiana market told Fibre*Fashion, “Buyers were buying with requirement base approach. Aggressive buying was lacking in cotton yarn market. Buyers expected price cut because of ease in geopolitical tensions and falling crude oil. Although, spinning mills are not feeling pressure to sell cotton yarn in local market. They are getting enough orders from export market as mills say.”

In Ludhiana, ** count cotton combed yarn was sold at ****;***–*** (~$*.**–*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at ****;***–*** (~$*.**–*.**) per kg and ****;***–*** (~$*.**–*.**) per kg, respectively; and carded yarn of ** count was noted at ****;***–*** (~$*.**–*.**) per kg today, according to trade sources.

Delhi market also noted stability in cotton yarn prices amid subdued demand. According to market sources, lifting of cotton yarn was still slow despite optimism. Probably, buyers remained more cautious for new purchases but spinning mills are trying to balance domestic and export demand. Despite weaker signals, mills may hold their selling rates of cotton yarn.

In Delhi, ** count combed knitting yarn was traded at ****;***–***(~$*.**–*.**) per kg (GST extra), ** count combed at ****;***–*** (~$*.**–*.**) per kg, ** count carded at ****;***–*** (~$*.**–*.**) per kg, and ** count carded at ****;***–*** (~$*.**–*.**) per kg today, according to market sources.