Cotton yarn prices rise in northern India due to strong demand
Foreign news reported on August 18 that due to a significant improvement in demand, the price of cotton yarn in the northern Indian market increased. Pure cotton yarn sold in Delhi and Ludhiana has increased by Rs 5-8 per kg. Traders believe that rising cotton also supports yarn prices. The purchase volume of recycled yarn in Panipat market has also increased, and the price of recycled yarn with higher count has also increased.
Delhi market has seen an upward trend in the past few days as demand has improved. Traders now expect increased buying from states such as Uttar Pradesh, Haryana, Rajasthan and Delhi as demand for end products rises. A trader from Delhi said, “Textile mills do not agree to sell yarn at the previous price as cotton prices increased last week. Mills will not sell yarn at a loss. They also have support from buyers for the price increase.” According to Fibre2Fashion’s market insights tool TexPro, 30 count worsted yarn is trading at Rs 375-380 per kg (excluding GST), 40 count worsted yarn is trading at Rs 415-420 per kg, 30 count worsted yarn is trading at Rs 415-420 per kg, 30 count worsted yarn is trading at Rs 375-380 per kg (excluding GST) 340-345 rupees per kilogram, and 40 count worsted yarn is trading at 375-380 rupees per kilogram.
Cotton yarn prices increased in Ludhiana market due to strong buying. Rising cotton prices and increased buying by the textile industry supported cotton yarn prices. According to traders, festive demand is expected to increase in the coming weeks. The trend of higher cotton prices also supports yarn prices. Industry insiders say optimism is likely to persist. In Ludhiana, 30 count pure cotton worsted yarn is priced at Rs 382-387 per kg (including excise duty), an increase of Rs 8 per kg. 20-count and 25-count worsted yarns were traded at Rs 372-377 and Rs 377-382 per kg. The price of 30 count woolen yarn is 337-342 rupees per kilogram.
Buying recycled yarn is more cost-effective in Panipat. In the past week, the price of high-count recycled yarn has increased by Rs 10 per kg. But lower count yarns are still selling at previous levels. According to traders, buyers have returned to the market. They expect yarn prices to increase across all counts in the coming days. “Demand for yarn used in the production of home products will rise. Prices of higher count yarns will increase due to increased demand from the apparel industry, which is consuming recycled yarn to replace more expensive new yarn.” In Panipa In the special market, 30-count recycled yarn sells for 170-175 rupees per kilogram (excluding consumption tax), an increase of 10 rupees per kilogram. Prices of low-count recycled yarn remained stable. The trading price of 10-count recycled yarn (white) is 90-95 rupees per kilogram (excluding consumption tax), the trading price of 10-count recycled yarn (colored and high-quality) is 110-115 pounds per kilogram, and the trading price of 10-count recycled yarn (colored and inferior) The price is 80-85 rupees per kilogram, and the trading price of 20-count recycled yarn (colored) is 125-130 rupees per kilogram. 10-count recycled yarn is traded in the market at Rs 100-110 per kg. Worsted prices rose to 140-148 rupees per kilogram, compared with 122-127 rupees per kilogram last week. Recycled polyester fiber has also increased from Rs 90 to Rs 92 per kg.
At the same time, cotton prices in northern India remained stable, trading was light and purchases were limited. However, as domestic prices were supported by the rise in ICE cotton futures, prices showed an upward trend in the past week. According to traders, cotton arrivals will not improve in the next 45-60 days. So prices may be trending upward, but at such high prices, buyers may still be reluctant to purchase. Cotton is traded at Rs 10,500-10,700 per morind (37.2 kg) in Punjab, at 9,800-10,200 rupees per morind in Haryana and at 9,700-9,900 rupees per morind in Upper Rajasthan. Cotton sells for Rs 97,000-99,000 per kandi (356 kg) in southern Rajasthan.
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