In North India, the cotton yarn market is experiencing a downturn due to several factors, including weak demand, annual financial closing. In contrast, the recycled yarn market in Panipat is witnessing an uptick in prices, driven by restricted imports from Bangladesh and a slight increase in domestic cotton prices.
Cotton Yarn Market in North India
The cotton yarn market in North India remains sluggish, with weak demand from the consumer industry. Annual financial closing and worker shortages during Ramadan have further dampened market activity. In Delhi and Ludhiana, cotton yarn prices have remained stable, but stockists are offering discounts to attract buyers. Spinning mills are hesitant to reduce selling prices, preferring to wait and observe market trends.
Recycled Yarn Market in Panipat
In Panipat, the recycled yarn market is experiencing a rise in prices due to restricted imports from Bangladesh and a slight increase in domestic cotton prices. Recycled polyester fiber prices have increased as manufacturers face a shortage of raw materials. However, the overall demand for recycled yarn remains low, leading to a decline in production and consumption.
Conclusion
The cotton yarn market in North India is facing challenges due to weak demand and other factors, while the recycled yarn market in Panipat is witnessing an uptick in prices driven by restricted imports and a slight increase in domestic cotton prices. However, the overall demand for recycled yarn remains low, impacting production and consumption.
