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Cotton yarn prices gain in North India as mills cut production, Panipat flat.

Textile Raw materials market
EW DELHI, Aug 25 (Commoditiescontrol) - Cotton yarn prices gained in north India as spinning mills reduced production after recent hike in cotton prices. As the mills expect, cotton prices also came under pressure due to lower buying. Cotton yarn increased Rs. 5-10 per kg in last couple of days in Delhi and Ludhiana. However, Panipat noted steady trend amid weak demand.

Cotton yarn prices surged further in Ludhiana market because of lower supply from spinning mills and regular demand. A local trader said that mills have increased their selling rate by Rs. 10-12 per kg in last couple of days. They are facing disparity of Rs. 60 per kg due to recent hike in cotton prices. demand was also average which can support yarn prices. market sources expect better demand in mid-September. In Ludhiana, 30 count cotton combed yarn was sold at ₹394-399 per kg (GST inclusive) with gain of ₹9 per kg. 20 and 25 count combed yarn were traded at ₹380-385 per kg and ₹385-390 per kg respectively. Carded yarn of 30 count was quoted at ₹345-350 per kg.

Delhi market witnessed regular buying in limited quantity. Lower production by spinning mills supported yarn prices. Cotton yarn was traded higher Rs. 5-10 per kg.

A trader from Delhi said that buyers were lifting cotton yarn but quantity was limited. Demand was enough to support prices amid lower supplies from the mills. 30 count combed yarn was traded at ₹385-390 per kg (GST extra), 40 count combed at ₹425-430 per kg, 30 count carded at ₹345-350 per kg and 40 count carded at ₹380-385 per kg.

There was steady trend recycled yarn trade in Panipat. The prices of recycled yarn were hovering at previous levels. According to trade sources, export and local demand remained average. Buyers were cautious fresh buying. However, they was buying for immediate need. Sellers are not ready to reduce prices. They hope for better demand in next month. 

In Panipat market, 30 count recycled yarn was sold at ₹160-165 per kg (excluding GST). 10s recycled yarn (white) was traded at ₹90-95 per kg (excluding GST), 10s recycled yarn (coloured - high quality) at ₹110-115 per kg, 10s recycled yarn (coloured - low quality) at ₹80-85 per kg and 20s recycled high quality PC yarn (coloured) at ₹120-125 per kg. 10s optical yarn was traded at ₹100-110 per kg in the market. Comber prices were ruling at ₹138-146 per kg. Recycled polyester fibre (pet bottle fibre) noted at ₹88-92 per kg.

(By Commoditiescontrol Bureau)
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