Insights
- Cotton yarn rates in north India stayed consistent today due to low need.
- Unseasonal rains in Punjab restricted trading activities.
- Cotton comber and recycled polyester yarn rates increased in Panipat, while recycled yarn rates stayed steady due to the fact that of weak need.
- Cotton rates in the area were consistent however the arrival of cotton lowered due to the rains.
Cotton yarn rates in North India stayed steady today due to slow need from the downstream market. Unseasonal rains in Punjab on the very first trading day of the brand-new financial restricted trading activities. The Delhi market likewise saw stability in cotton yarn rates. However, in Panipat, cotton comber and recycled polyester yarn rates increased due to strong basics from the supply side. Recycled yarn of different ranges and counts stayed steady while need was soft.
Cotton yarn rates were steady in the Ludhiana market due to the fact that trading activities decreased due to rain. According to a trader from the Ludhiana market who spoke with Fibre2Fashion, “There was very little sell Ludhiana due to the fact that of the rain. Buyers were not seen in the market. The market might take instructions soon.”
Cotton yarn rates in north India stayed consistent today due to low need.
Unseasonal rains in Punjab restricted trading activities.
Cotton comber and recycled polyester yarn rates increased in Panipat, while recycled yarn rates stayed steady due to the fact that of weak need.
Cotton rates in the area were consistent however the arrival of cotton lowered due to the rains.
In Ludhiana, 30-count cotton combed yarn was cost ₹276-286 per kg (GST inclusive), while 20 and 25-count combed yarns were traded at ₹266-276 per kg and ₹270-280 per kg, respectively. Carded yarn of 30-count was kept in mind at ₹255-265 per kg, according to Fibre2Fashion’s market insight tool TexPro.
In Delhi, cotton yarn rates stayed at previous levels due to preventing need. According to a trader from the Delhi market who spoke with F2F, “Cotton yarn might continue to see slow need from the downstream market. Price variation stays a sticky concern for the whole worth chain. Demand will likewise stay weak due to seasonal effect.” In this market, 30-count combed yarn was traded at ₹280-285 per kg (GST additional), 40-count combed yarn at ₹305-310 per kg, 30-count carded yarn at ₹255-260 per kg, and 40-count carded yarn at ₹285-290 per kg, according to TexPro.
Cotton comber rates in Panipat increased by ₹3-4 per kg due to slower supply, while the recycled yarn market saw a constant pattern in rates amidst weaker need. Recycled polyester fiber likewise saw a rate increase of ₹3 per kg. According to trade sources, the worth chain of Panipat’s home providing market was active in building up stocks of cotton comber, however the arrival of cotton waste stayed tight, which supported comber.
In Panipat, 10s recycled PC yarn (grey) was traded at ₹88-92 per kg (GST additional), 10s recycled PC yarn (black) at ₹60-65 per kg, 20s recycled PC yarn (grey) at ₹100-105 per kg, and 30s recycled PC yarn (grey) at ₹150-155 per kg. Comber rates were kept in mind at ₹144-146 per kg. Recycled polyester fiber (animal bottle fiber) was kept in mind at ₹76-78 per kg.
Cotton rates in North India stayed consistent amidst slower need. According to traders, cotton need and arrival were lower due to the rains in Punjab and other adjacent locations, which prevented purchasers from making brand-new deals for cotton purchases. However, cotton was traded greater last Saturday. Today, cotton rates were ruling at ₹6,160-6,270 per maund of 37.2 kg in Punjab, ₹6,150-6,260 per maund in Haryana, and ₹6,380-6,480 per maund in upper Rajasthan. Cotton was cost ₹59,000-61,000 per sweet of 356 kg in lower Rajasthan. The arrival was lowered to 7,000 bales of 170 kg in north India.
Fibre2Fashion News Desk (KUL)
This according to Fibre2Fashion’s Market Intelligence Tool – TexPro
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