Foreign news on February 16th: Cotton yarn in northern India continued to operate actively on Thursday, with cotton yarn prices in Delhi and Ludhiana rising by 3-5 rupees per kilogram. Some textile mills have enough sales orders to last until the end of March. Cotton mills have ramped up yarn production to fulfill export orders. However, Panipat recycled yarn trading activities are sparse and prices have not changed.
The price of carded yarn in Delhi increased by Rs 5 per kilogram, but the price of combed yarn remained stable. A trader in Delhi said: “By the end of March, spinning mills have enough export orders. They have increased production to meet growing demand. The average production has reached 80% from 50% of installed capacity.”
Data shows that in Delhi, the price of 30-count combed yarn is 285-290 rupees per kilogram (excluding consumption tax), 40-count combed yarn is 315-320 rupees per kilogram, and 30-count carded yarn is 315-320 rupees per kilogram. 266-270 rupees per kilogram, and 295-300 rupees per kilogram for 40-count carded yarn.
Yarn prices in Ludhiana are also showing an upward trend. Cotton yarn prices increased by Rs 3 per kg. Ludhiana trade sources said local demand has also improved. Summer may encourage buyers to stock up. Traders believe that recent price increases have also prompted the consumer industry to increase inventories to meet summer demand. According to data, 30-count combed yarn sells for 285-295 rupees per kilogram (including excise tax), 20-count and 25-count combed yarn sells for 275-285 rupees and 280-290 rupees per kilogram, and 30-count roving is stable at 265-275 rupees per kilogram. rupee.
The price of Panipat recycled yarn is not high because the demand is seasonally light. Traders said demand was expected to remain weak until the end of March. Due to limited buying demand, yarn prices also show a stable trend.
Cotton prices in northern India are under pressure due to high recent arrivals. Traders said the recent increase in cotton prices has led to an increase in arrivals. Cotton arrivals in northern Indian states increased to 12,000 bales (170 kg each). The cotton price in Punjab is 6350-6500 rupees per bale, the cotton price in Haryana is 6350-6500 rupees, the cotton price in upper Rajasthan is 6575-6625 rupees per morind (37.2 kg), and the cotton price in lower Rajasthan is 6575-6625 rupees per kandi (37.2 kg). 356 kg) 61000-63000 rupees.
