6 C
Munich
Saturday, March 2, 2024

Cotton yarn demand rises in north India; prices up in Ludhiana

Must read

[ad_1]

North India’s cotton yarn market has seen an improvement in sentiments today, with trade sources reporting that demand for cotton yarn has already picked up. The garment industry is also expected to perform better as global buyers are expected to place large orders by mid-2023. 

In the Ludhiana market, cotton yarn prices have risen by ₹2 per kg. Spinners are increasing cotton yarn prices due to improved buying, and to recover from previous losses, they are increasing their margins. Mills have ramped up their production after receiving more orders from domestic and international buyers. 

North India’s cotton yarn market has seen an improvement in sentiments today, with trade sources reporting that demand for cotton yarn has already picked up. The garment industry is also expected to perform better as global buyers are expected to place large orders by mid-2023. Cotton yarn prices increased by ₹2 per kg in the Ludhiana market.

In this market, 30 count cotton combed yarn was sold at ₹287-297 per kg (GST inclusive). 20 and 25 count combed yarn were traded at ₹277-287 per kg and ₹282-292 per kg, respectively. Carded yarn of 30 count steadied at ₹267-277 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In the Delhi market, cotton prices were hovering at previous levels, but demand was better. “Domestic exporters are looking for higher orders of garments as global buyers are expected to place large orders by June 2023. Normally, in the market, raw materials pick up initially and intermediary and finished products experience higher demand later,” 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, as per TexPro. 

Panipat’s recycled yarn market remained steady with limited buying. Traders said that weak demand is likely to continue for now. 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 and recycled polyester fibre (PET bottle fibre) was noted at ₹79-81 per kg. 

Cotton prices in North India showed a bearish tone due to higher arrivals and a decline in ICE cotton. According to the traders, cotton arrival increased in the last 8-10 days to 14,000 bales of 170 kg each in the north Indian states. Cotton was traded at ₹6,325-6,450 per maund of 37.2 kg in Punjab, ₹6,300-6,425 per maund in Haryana and ₹6,500-6,575 per maund in upper Rajasthan, and ₹60,200-62,200 per candy of 356 kg in lower Rajasthan. 

Fibre2Fashion News Desk (KUL)

[ad_2]

Source link

- Advertisement -spot_img

More articles

- Advertisement -spot_img

Latest article