North India cotton yarn steady but mills intent to hike prices

Cotton yarn prices continue to see steadiness in Ludhiana market. The market is witnessing contradictory approach towards market outlook. A trader from Ludhiana market told Fibre*Fashion, “Spinning mills are looking to increase cotton yarn prices as they have sufficient export orders and favourable foreign exchange rates. They have limited interest in selling their output in the domestic market. Recent increase in cotton prices is also motivating mills to hike selling rates. However, consumer industry is not bullish on demand of downstream products like fabric and garment.” They prefer to hold bulk buying, expecting price adjustments after ceasefire between the US and Iran.

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 witnessed stability in cotton yarn prices amid cautious buying. Buyers wanted to buying cotton yarn, but they looked for cheaper rates. According to market sources, cotton yarn demand is picking up gradually, but buyers are more price sensitive. Bullish trend in cotton yarn trade is still absent due to uncertainty in international scenario.

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.