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Cotton yarn prices stable in south India despite rise in mill rates

Should the market receive support from the demand side, yarn prices might improve by &#****;*-* per kg. However, as it currently stands, there has been no upward trend in the market. Traders have also pointed out that the yarn trade fair in China has failed to buoy spirits due to the fact that Chinese buyers have requested prices that are lower than domestic rates. Consequently, Indian spinners have been unable to book significant orders from the fair. 

In Tiruppur, the cotton yarn market has maintained a steady trend due to slower demand from the weaving industry. Spinners based in Tamil Nadu have raised mill rates by &#****;*-* per kg, but the market has not reacted swiftly. A trader from Tiruppur, speaking to Fibre2Fashion, noted, "If the market gets support from buying activity within the weaving industry, yarn prices may increase by &#****;*-* per kg. Nonetheless, no positive indications have emerged from China&#**;s yarn fair. Chinese buyers have expressed willingness to buy Indian yarn, but their offers have been at a rate of $*.** (&#****;*-*) per kg lower than domestic prices, making it an unattractive proposition for most spinners.”