Market Reports | Yarn Price

Cotton Market Bulletin – 10th February 2023

Published: February 10, 2023
Author: TEXTILE VALUE CHAIN

Yarn Prices as on 10th February 2023: Prices FOB / Kg Indian Port
  LC at Sight:
Ne 20/1 Carded Hosiery Yarn USD 2.85  /  INR 232.00
Ne 20/1 Combed Hosiery Yarn USD 3.03  /  INR 247.00
Ne 21/1 Carded Weaving Yarn USD 2.85  /  INR 232.00
Ne 26/1 Combed Hosiery Yarn USD 3.14  /  INR 256.00
Ne 30/1 Carded Hosiery Yarn USD 3.06  /  INR 249.00
Ne 30/1 Combed Hosiery Yarn USD 3.21  /  INR 262.00
Ne 32/1 Carded Weaving Yarn USD 3.18  /  INR 259.00
Ne 34/1 Combed Hosiery Yarn USD 3.42  /  INR 279.00
Ne 40/1 Combed Hosiery Yarn USD 3.61  /  INR 294.00
Ne 40/1 Carded Weaving Yarn USD 3.36  /  INR 274.00
Ne 30/2 Carded Hosiery Yarn USD 3.36  /  INR 274.00
Ne 32/2 Combed Knitting Yarn USD 3.73  /  INR 304.00
Ne 32/2 Carded Hosiery Yarn USD 3.42  /  INR 279.00
Ne 40/2 Combed Hosiery Yarn USD 4.16  /  INR 339.00
   
Ne 30/1 Combed Compact Weaving Yarn USD 3.42  /  INR 279.00
Ne 40/1 Combed Compact Weaving Yarn USD 3.73  /  INR 304.00
Ne 50/1 Combed Compact Weaving Yarn USD 4.04  /  INR 329.00
Ne 16/1 Open End Yarn USD 2.32  /  INR 189.00
Ne 21/1 Open End Yarn USD 2.50  /  INR 204.00
Ne 24/1 Open End Yarn USD 2.81  /   INR 229.00

ARRIVAL BALES YESTERDAY – 09.02.2023
COTTON PRICE TODAY – 10.02.2023
* Rate (INR) per Maund (1 Maund = 37.324 KG.)

HARYANA (J-34)   PUNJAB (J-34) 
 Rate
S/G* (Ready) Rate
R/G* (Ready)SIRSA /  KALAWALI / DABWALI HISSAR  /  ADAMPUR  UCHANA /  BARWALA Arrival (Bales)

6200 6250
6250 6300
 BHIWANI / CHARKHI  DADRI / ELNABAD 6350 6400
4000
Rate
S/G* (Ready) Rate
R/G* (Ready)MANSAMUKTSARBHATINDAABOHAR Arrival (Bales)

6250 6300
6275 6325
6300 6350
6325 6375
1000
 Rate S/G*
(Ready) Rate R/G*
(Ready)
SRI GANGANAGAR /  HANUMANGARHPILANI  ANUPGARH  GHARSANA
PADAMPUR / RAVATSAR

RAJASTHAN (J-34)   
6400 6450
6425 6475
6450 6525
 Arrival (Bales) 7000

 

* Rate (INR) per Candy (1 Candy = 355.6188 KG.)

LOWER RAJASTHAN (J-34) 

Rate**(Ready)Estimated Length HVI J-34 (Marwar / Bhilwara / Mewar  Line ) 28 to 29 mm (as per quality wise) J-34 (Khairthal / Alwar / Behror) 28.5 mm  (as per quality wise) J-34 (Beawar / Kekri / Bilara / Rani / Sumerpur)  28.5 mm  (as per quality wise)

60500-61500
60000-60500
61000-62000
 Arrival (Bales) 2500

MAHARASHTRA 

MADHYA PRADESH 

Rate**(Ready)Estimated Length HVI MECH-1  (Khandesh  Zone)   29-30 mm  (as per quality wise) MECH-1 (Marathwada   Line)29-30 mm (as per
quality wise) Bunny / Brahma  (Vidarbha Zone)29-30 mm (as per
quality wise) MCU-5  (Sillod)30 mm (as per
quality wise)

60800-61800
60800-61800
61000-62000
62000-62500
 Arrival (Bales) 40000

Rate**(Ready)Estimated Length HVI MECH-1    29  mm (RD 73-74) MECH-129  mm (RD 74-75) MECH-1 30 mm (RD 74-75) DCH-32 34-35 mm

59000-60000
60500-61500
61500-62000
66000-68000
 Arrival (Bales) 13000

GUJARAT 

TELANGANA / ANDHRA PRADESH

Rate**(Ready)Estimated Length HVI V-797 (Kalayan)
February/March Delivery22 mm  (Trash 12-15% approx) S-6  28.5 mm (as per quality wise)  S-6  29 mm  (as per quality wise) Arrival (Bales)

45000-46000
60500-61000
61500-62000
45000

Rate**(Ready)Estimated Length HVI Bunny / Brahma
(Telangana)  
29-30 mm (as per quality wise) MECH-1
(Telangan)  
29-30 mm (as per quality wise) MCU-5  (Andhra  Pradesh) 29-30 mm (As per qualitywise )

61000-62000
61000-62000
61000-62500
 Arrival (Bales) 17000

KARNATAKA

ORISSA

Rate**(Ready)Estimated Length HVI Bunny / BT 29 mm (as per
quality wise) MCU-5  30 mm (as per
quality wise) DCH-32 34-35 mm

61000-61500
62000-62500
67500-69500
 Arrival (Bales) 13000

Rate**(Ready)Estimated Length HVI MCU-5 29 mm  (75 RD) MCU-5 30 mm  (75 RD)

61500-62000
62000-62500
 Arrival (Bales) 9000

Total Arrival : 1,51,500 Bales

MARKET OUTLOOK
• Today, the BSE Sensex opened at a level of 60703.64 points with a fall of 102.58 points. On the other hand, the NSE’s Nifty opened at a level of 17860.00 points with a fall of 33.50 points.

• Today, the rupee opened at a level of Rs 82.63 against the dollar with a weakness of 12 paise. On the other hand, on Thursday, the rupee closed at a level of Rs 82.51 against the dollar with a weakness of 1 paise.

• New Delhi: Home textile exports from India are expected to fall 16-18% year-on-year in FY23 with a slowdown in demand, especially from the US and Europe, and increase in material and logistic costs, according to a report by Care Edge Ratings.

• LAHORE: Cotton seed companies allege that unre­gistered players in the market are selling unprocessed and spurious seed in Sindh and coupled with other factors this is damaging crop yield in the province.

• The U.S. Agriculture department late on Wednesday reduced Egypt’s cotton imports by 23.8% due to lower domestic use.

North Zone:

Cotton traded steady tone across major spot market of north India on Friday. Prices were quoted up to 25-50 / maund yesterday evening. Today weather clear. New crop – cotton traded at ready delivery – In Punjab,  Rs 6,225-6,325 a maund. In Haryana, it offered at Rs 6,300-6,400 a maund. while in Upper Rajasthan, quoted readty delivery at Rs 6,425-6,525 a maund.

Central Zone:

Cotton spot prices steady tone across west India market on Friday. Sankar-6, new crop 29 mm (RD-75 & MIC-3.8), in Gujarat traded at Rs 61,500-62,000 a candy and 28.5mm (RD-74) quoted at Rs.60,500-61,000 a candy. V-797 trade at Rs 45,000-46,000 (12-15% trash condition) a candy for February / March delivery. While in Maharashtra, new crop good grade cotton (29mm) quoted at Rs 60,500-61,000 a candy.

South Zone:

Cotton spot price was steady tone across the major trading centers of south India.

INTERNATIONAL UPDATES
US Cotton Futures :

Cotton Firm At The Close: March and October cotton contracts stayed in the black with a 13 and an 8 point gain respectively on Thursday. The other nearbys closed with losses of as much as 19 points. The March contract was up by 93 points at the high. Dec cotton was a 23 point discount to March at the settle.  Weekly data from USDA’s FAS had a strong 262,788 RBs of old crop cotton sales for the week that ended 2/02. That was up from 170k RBs last week and from 185k during the same week last year. China and Turkey were the top buyers. Weekly Exports were 210k RBs, leaving the accumulated total at 4.8 million. For new crop, USDA shows 1.261 million on the books, a 30% lighter volume than this time last season. USDA’s DSQ had 2,841 bales sold at spot in the 2/09 report for an average price of 83.32 cents. The Cotlook A Index was 215 points stronger on 2/08, to $1.00 95/100 /lb. The FSA reduced the week’s AWP for cotton by 83 points to 74.41 cents/lb.

Mar 23 Cotton  closed at 85.5, up 13 points,

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