North India's cotton yarn prices stable, cotton comber up in Panipat

The Ludhiana market observed stability in cotton yarn prices amid bearish demand. There was no improvement in demand, and the festive atmosphere led to thin trading in the market. A trader from Ludhiana told Fibre2Fashion, "There was limited trade in the Ludhiana market. Demand from the weaving industry remains weak. However, spinners are attempting to maintain prices at current levels." 

In Ludhiana, 30-count cotton combed yarn traded at ₹264-274 per kg (GST inclusive), while 20 and 25-count combed yarn were sold at ₹254-264 per kg and ₹258-268 per kg, respectively. Carded yarn of 30-count was priced between ₹244-249 per kg, according to Fibre2Fashion's market insight tool TexPro. 

The Delhi market saw little significant trade in cotton yarn, as most wholesale markets were closed due to the Hindu festival of Rakshabandhan. On Wednesday, cotton yarn prices remained stable. According to TexPro, 30-count combed yarn was traded at ₹267-272 per kg (GST extra), 40-count combed yarn at ₹297-302 per kg, 30-count carded yarn at ₹237-242 per kg, and 40-count carded yarn at ₹267-272 per kg. 

Panipat, India's home furnishing hub, saw no improvement in demand from the downstream industry, keeping recycled yarn prices stable. Spinners and traders hold little hope for a significant leap in festival demand this year. However, the price of cotton comber increased by ₹4-5 per kg. A trade source indicated that the lack of production of cotton combed yarn by spinning mills led to limited availability of comber. In Panipat, 10s recycled PC yarn (Grey) traded at ₹77-82 per kg (GST paid). Other varieties and counts were priced as 10s recycled PC yarn (Black) at ₹50-54 per kg, 20s recycled PC yarn (Grey) at ₹92-97 per kg, and 30s recycled PC yarn (Grey) at ₹135-145 per kg. Comber prices hovered at ₹130-131 per kg, and recycled polyester fibre (PET bottle fibre) was noted at ₹76-78 per kg. 

North Indian cotton prices remained positive following a lull in the previous trading session. Consistent demand from spinning mills buoyed market sentiment, especially with the increasing arrival of new cotton. Old cotton was traded at ₹5,700-5,800 per maund of 37.2 kg in Haryana and Punjab. In upper Rajasthan, old cotton was priced at ₹5,900-6,000 per maund, while in lower Rajasthan, it ranged between ₹56,000-68,000 per candy of 356 kg. Across north India, new cotton traded at ₹5,980-6,000 per maund. A total of 4,200 bales of cotton were received in the north Indian markets. Haryana saw the arrival of 1,000 bales of old cotton and 2,500 bales of new cotton. Punjab reported the arrival of just 200 bales of new cotton. Approximately 300 bales of old cotton arrived in Upper Rajasthan, and 600 bales of new cotton in Lower Rajasthan. Unginned cotton, or Kapas, was traded at ₹6,500-7,000 per quintal, with the lower rate applying to cotton with higher moisture content. 

Fibre2Fashion News Desk (KUL)