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India’s home textile hub Panipat gets support from wedding season

1 Dec 2022 10:26 pm
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NEW DELHI, Dec 1 (Commoditiescontrol) - India’s home textile market at Panipat found much needed support from the ongoing marriage season. The prices of recycled yarn remained stable but traders expect improvement in case of better buying. But cotton comber further gained and the prices reached at ₹150 per kg. Recycled polyester fibre noted opposite trend. Cotton yarn at Ludhiana also noted weakness in cotton yarn.

Ludhiana market’s cotton yarn prices slipped ₹5 per kg as mills and traders forced to offer lower prices. A trader from Ludhiana market said that textile value chain is still facing unease of costlier cotton and poor demand. Cotton prices further gained. But yarn is not likely to go up as demand from downstream remained weak. 30 count cotton combed yarn was sold at ₹285-295 per kg (GST inclusive) as per TexPro. 20 and 25 count combed yarn were traded at ₹275-285 per kg and ₹280-290 per kg respectively. Carded yarn of 30 count steadied at ₹260-270 per kg.

In Delhi, yarn prices remained bearish as demand remained weak. Demand of cotton yarn from domestic and export market remained very slow. It made more difficult for stockists and spinners to find buyers. A trader from Delhi market told that yarn market yet to get support for. Textile industry across the world is facing slower buying from end consumers. In the market, 30 count combed yarn was traded at ₹295-300 per kg (GST extra), 40 count combed at ₹325-330 per kg, 30 count carded at ₹275-280 per kg and 40 count carded at ₹310-315 per kg.

Panipat recycled yarn market found much needed support from marriage season. The entire home furnishing value chain witnessed better trade. However, recycled yarn was traded steady. UV yarn noticed higher prices due to rise cotton comber. It remained short supply as spinning mills are producing combed yarn in very limited quantity. Comber is produced as a by-product during process of combed yarn. Traders feel that recycled yarn prices may rise if demand remains strong. 10s recycled yarn (white) was traded at ₹90-95 per kg (GST Extra). 10s recycled yarn (coloured - high quality) was traded at ₹105-110 per kg, 10s recycled yarn (coloured - low quality) at ₹80-85 per kg and 20s recycled PC coloured (high quality) at ₹105-110 per kg. 30 recycled PC coloured (high quality) ₹145-150 per kg. 10s optical yarn was priced at ₹100-110 per kg in the market. Comber prices were ruling higher at ₹145-150 per kg. Recycled polyester fibre (pet bottle fibre) noted at ₹77-79 per kg.

North India’s cotton prices further gained ₹50-100 per maund of 37.2 kg due to rise in future trade. The arrival was slightly better, but buyers were also aggressively active for new deals. According to local traders, demand was better despite improvement in arrival. MNCs were also active buyers for cotton. Cotton was traded at ₹6,750-6,850 in Punjab, ₹6,700-6,800 in Haryana and ₹6,900-7,000 per maund in Upper Rajasthan. Cotton was sold at ₹66,000-68,000 per candy of 356 kg in Lower Rajasthan.

(By Commoditiescontrol Bureau)

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