North India cotton yarn steady despite weak buying interest

Cotton yarn prices were stable in Ludhiana market. Consumer industry’s demand was very slow. A trader from Ludhiana market told Fibre*Fashion, “After ceasefire between the US and Iran, buyers are still cautious for new purchases. They anticipated price correction as effect of the geopolitical developments, although, spinning mills are trying to hold cotton yarn prices at current levels.”

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.

The Delhi market also witnessed stable cotton yarn prices, with buyers remaining cautious amid prevailing market uncertainty. According to trade sources, crude oil prices have fallen sharply following the ceasefire, but polyester raw material prices have not declined proportionately. Market participants believe that if polyester fibre prices soften further, it could also influence sentiment in the cotton market. Overall, uncertainty stemming from recent geopolitical developments continues to weigh on buying activity.

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.