North Indian markets are witnessing a thin trade in cotton yarn

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Trade activity remained very weak across the cotton yarn market in North India. In the Delhi market, trade has nominally declined due to the ongoing third wave of COVID-19 and restrictions by the state government. The Panipat market showed a steady trend, but the Ludhiana market remained closed today due to the holidays due to the Lori Festival.

In Delhi, most cotton thread traders kept closing stores in the third wave of COVID-19 for fear of infection. The Government of Delhi imposes an odd-even system on all offices in the metropolitan area. Other restrictions also impede normal business activities in Delhi. SK Shrivastava, owner of Neha Fiber, a Delhi-based company, said: Fiber2Fashion Trading activity has dropped to the nominal level in Delhi as traders have not opened offices for fear of the spread of the coronavirus. However, many traders do business in virtual mode via phone, message, and email.

In Delhi, 30-count cotton cards are 370-375 pounds per kg, 40-count cotton cards are 410-415 pounds per kg, 30-count cotton cards are 345-350 pounds per kg, and 40-count cotton cards. Was stable at 390-395 pounds.According to, per kg Fibre2 Fashion’s market analysis tool TexPro.. A 10-count weave (O / E) yarn was estimated at 125-130 pounds per kg and a 16-count weave (O / E) was estimated at 165-170 pounds per kg.

Trade activity remained very weak across the cotton yarn market in North India. In the Delhi market, trade has nominally declined due to the ongoing third wave of COVID-19 and restrictions by the state government. The Panipat market showed a steady trend, but the Ludhiana market remained closed today due to the holidays due to the Lori Festival.

Panipat in the recycled yarn market also recorded a stable trend. The market recorded prices as follows: 95-100 lbs of 10-second recycled yarn (white) per kg, 90-100 lbs of 10-second recycled yarn (dyed), 100-125 lbs of 20 per kg. Second recycled yarn (dyeing). Teen optical yarns were trading on the market for £ 90-100 per kg.

In the North Indian state market on Thursday, cotton prices soared 500-700 pounds at 356 kg per candy as demand from mills improved, but daily yields also increased. In Punjab, spot shipping prices for cotton were estimated at £ 68,400-69,300 per candy. TexPro.. In Haryana, spot delivery prices for cotton were estimated at £ 67,000-67,700 per candy. In Upper Rajasthan, spot delivery prices were estimated at £ 69,700-69,900 per candy. In Lower Rajasthan, the price of spot delivery cotton ranged from 67,400 to 69,500 pounds per candy.

In the global market, January 2022 ZCE cotton yarn futures traded stably at RMB 28,100 per ton, and May 2022 traded at RMB 28,660 per ton today at RMB 155. ICE cotton futures rose on Wednesday as WASDE reports intensified, but the weaker dollar pushed up a positive mood. The March 2022 cotton contract closed at 117.64 cents, up 162 points. In May 2022, it closed at 114.98 cents, up 109 points. In December 2022, it closed at 96.34 cents, up 107 points.

Fiber2Fashion News Desk (KUL)

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North Indian markets are witnessing a thin trade in cotton yarn

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The post North Indian markets are witnessing a thin trade in cotton yarn appeared first on Eminetra.

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