Foreign news reported on July 20 that demand for cotton yarn in northern India increased, but prices remained stable. Traders said spinners expected yarn prices to rise after cotton costs continued to rise. They believe that as prices bottom out, yarn prices will be supported. The textile industry is expected to increase purchasing during the upcoming festive season, which will also support yarn prices.
Cotton yarn prices in Ludhiana remained stable, but buying interest increased slightly. A trader in Ludhiana said: “Due to the slow improvement in demand from the textile industry, the price of cotton yarn has not increased.”
30-count combed yarn sells for 253- per kilogram. 263 (inclusive of GST), Rs 242-247 and Rs 247-252 per kg for 20-count and 25-count combed yarn, and Rs 232-242 per kg for 30-count carded yarn.
Cotton yarn prices in Delhi remained stable but demand increased. A trader in Delhi said: “The market has noticed the increase in demand from the downstream industry. However, the supply is sufficient and prices have not increased. But when festival demand picks up, cotton yarn prices may rise.”
30 count combed yarn is trading at 260-262 rupees per kg (excluding GST), 40 count combed yarn is 290-292 rupees per kg, 30 count carded yarn is trading at 232-235 rupees per kg, 40 Carded yarn count is 262-265 rupees per kilogram.
Panipat recycled yarn is not showing any positive trend and prices remain at previous levels. Combed cotton and recycled polyester also held steady. However, traders expect recycled polyester fiber prices to rise in the coming weeks. The price per kilogram had increased by Rs 1 earlier this week.
As ICE cotton futures strengthened and multinational companies purchased new season cotton, cotton prices in northern India rose further. Cotton prices in northern India increased by Rs 75-100 per morund (37.2 kg). According to industry insiders, ginners are selling 80% of their cotton stocks due to negligible arrival of seed cotton. As ICE cotton futures continue to rise, ginners have increased their quotations. It is estimated that the arrival volume of cotton in northern India is 700-800 bales (170 kg each). Cotton is traded at 5925-6025 rupees per morind in Punjab, 5725-5825 rupees per morind in Haryana, 6000-6150 rupees per morind in upper Rajasthan, and 55200-55200-6150 rupees per morund in lower Rajasthan. 56,700 rupees.
