Cotton yarn prices rise further in north India, production in mills up

Cotton carded yarn prices increased by ₹5 per kg in Delhi, but combed yarn remained steady. "Spinning mills have enough export orders till the end of March. They have ramped up production to match higher demand. Average production reached 80 per cent from 50 per cent of their installed capacity,” a trader from Delhi market told Fibre2Fashion. 

In Delhi, 30 count combed yarn was traded at ₹285-290 per kg (GST extra), 40 count combed at ₹315-320 per kg, 30 count carded at ₹266-270 per kg, and 40 count carded at ₹295-300 per kg, according to Fibre2Fashion's market insight tool TexPro. 

Ludhiana market also witnessed an upward trend. Cotton yarn prices improved by ₹3 per kg. Trade sources from Ludhiana market said that local demand was also better. The summer season may encourage buyers to stock up. Traders feel that the recent price rise also motivated consumer industries to increase their stocks for summer demand. As per TexPro, 30 count cotton combed yarn was sold at ₹285-295 per kg (GST inclusive), 20 and 25 count combed yarn were traded at ₹275-285 per kg and ₹280-290 per kg, respectively. Carded yarn of 30 count was steady at ₹265-275 per kg. 

The prices in Panipat's recycled yarn market were unmoved because of seasonal muted demand. Traders said that demand was likely to remain weak till the end of March. Yarn prices noted a steady trend amid limited buying. 10s recycled yarn (grey) was traded at ₹88-92 per kg (GST extra). 10s recycled yarn (black) was traded at ₹60-65 per kg, 20s recycled yarn (grey) at ₹105-110 per kg, and 30s recycled yarn (grey) at ₹150-155 per kg. Comber prices were noted at ₹150-152 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹79-81 per kg. 

North India's cotton prices softened due to higher arrival after the recent firmness. According to the traders, cotton arrival increased because of the recent price rise. The natural fibre gained in the last two days after taking cues from the future and global market. Cotton arrival increased to 12,000 bales of 170 kg in North Indian states. Cotton was traded at ₹6,350-6,500 in Punjab, ₹6,350-6,500 in Haryana, and ₹6,575-6,625 per maund of 37.2 kg in upper Rajasthan and at ₹61,000-63,000 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)