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Sentiments weak in south Indian cotton yarn trade, prices steady

*.*pt"> In south India, the cotton yarn trade witnessed a weakness in demand, yet the prices remained at previous levels. The markets in Mumbai and Tiruppur observed stability in cotton yarn prices. According to traders in the Mumbai market, a payment crisis caused lower demand for cotton yarn. They believed that market liquidity had been diverted to the stock market, which is reaching new highs. The Red Sea-Suez Canal issue also dampened market sentiments. Traders mentioned that cotton yarn had experienced good demand a week ago, but the positive tone could not be sustained for long. 

*.*pt"> The Mumbai market witnessed a steady trend in cotton yarn prices. The market noted a payment constraint that led to lower demand from the weaker industry. A trader from Mumbai told Fibre2Fashion, “The payment crisis and weakness in the fabric market led to slow movement in cotton yarn. Market liquidity has been diverted to the stock market, which is reaching new highs. The Red Sea crisis also dampened sentiment in the cotton yarn trade.”