Cotton yarn trade low in north India amid Diwali; comber prices down

The Delhi market has witnessed stability in cotton yarn prices, but it has also noted slow demand from the downstream industry. A trader from the Delhi market told Fibre2Fashion, "Demand from the consumer industry and other buyers was very slow. The lifting further slowed down because of festivals. The market will take direction after the Diwali holiday." 

According to Fibre2Fashion's market insight tool TexPro, 30 count combed yarn was traded at ₹255-258 per kg (GST extra), 40 count combed at ₹282-287 per kg, 30 count carded at ₹230-233 per kg, and 40 count carded at ₹255-257 per kg in Delhi. 

The Ludhiana market also experienced poor demand with buyers remaining silent. A trader from the Ludhiana market told F2F, "Overall yarn trade was very thin as buyers and sellers were in a Diwali mood. The weaving industry may take a longer Diwali holiday as weaving mills have enough stock to cater to near-future demand." 

According to TexPro, 30 count cotton combed yarn was sold at ₹253-263 per kg (GST inclusive), while 20 and 25 count combed yarns were traded at ₹243-253 per kg and ₹248-258 per kg, respectively. Carded yarn of 30 count was noted at ₹233-238 per kg in Ludhiana. 

The recycled yarn market in Panipat steadied as buyers stayed silent. Cotton comber prices eased by ₹4-5 per kg due to the slowdown in production by the downstream industry, leading to reduced demand for cotton comber. Traders mentioned that comber supply also increased as spinning mills continued regular production. However, buyers from the downstream industry were cautious about making new purchases, and the festive season was also affecting the buying of recycled yarn. 

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹74-78 per kg (GST paid). Other varieties and counts were noted at 10s recycled PC yarn (Black) at ₹49-52 per kg, 20s recycled PC yarn (Grey) at ₹85-90 per kg and 30s recycled PC yarn (Grey) at ₹133-142 per kg. However, cotton comber prices were noted at ₹112-113 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹67-70 per kg. 

North India's cotton market remained in the red zone as prices dropped by ₹50-75 per maund of 37.2 kg, following a steep fall in ICE cotton prices on Wednesday. Traders attributed this decline in domestic prices to the bearish tone in ICE cotton, leading spinning mills to reduce their purchases in anticipation of further price drops. Weak sentiments in the textile value chain were also a cause for concern in the cotton trade. 

The total arrival of cotton in north India was 32,000 bales of 170 kg. State-wise arrival was noted as follows: Haryana with 9,000 bales, Punjab with 1,000 bales, upper Rajasthan with 9,000 bales, and lower Rajasthan with 13,000 bales. The natural fibre was priced at ₹5,500-5,600 per maund of 37.2 kg in Punjab, ₹5,400-5,500 per maund in Haryana, and ₹5,325-5,450 per maund in upper Rajasthan. In Lower Rajasthan, it was priced at ₹52,000-54,200 per candy of 356 kg, with higher prices noted in the Bikaner line due to better quality. 

Fibre2Fashion News Desk (KUL)