Cotton yarn demand remains sluggish in south India; prices down in Mum

The cotton yarn market in Mumbai has experienced a downturn in prices due to sluggish demand from the weaving industry after Ramadan. “The fabric market's payment crisis has dampened cotton yarn demand, causing prices to drop by ₹3-5 per kg in the past few days,” a trader from Mumbai market told Fibre2Fashion. 

In Mumbai, 60 count carded cotton yarn of warp and weft varieties was traded at ₹1,500-1,530 and ₹1,360-1,400 per 5 kg (excluding GST), respectively; 60 combed warp was priced at ₹350-353 per kg; 80 count carded (weft) cotton yarn was sold at ₹1,460-1,500 per 4.5 kg; 44/46 count carded cotton yarn (warp) was priced at ₹275-280 per kg; 40/41 count carded cotton yarn (warp) was sold at ₹265-270 per kg; and 40/41 count combed yarn (warp) was priced at ₹295-305 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

The prices of cotton yarn in the Tiruppur market remained steady due to slow demand, with export demand for cotton and fabric markets not being supportive. “Market sentiments would only improve with a revival of export orders,” a Tiruppur-based trader told F2F. 

In the Tiruppur market, 30 count combed cotton yarn was traded at ₹278-282 per kg (excluding GST), 34 count combed at ₹288-292 per kg, and 40 count combed at ₹305-310 per kg. Cotton yarn of 30 count carded was sold at ₹250-255 per kg, 34 count carded at ₹255-260 per kg, and 40 count carded at ₹265-270 per kg, as per TexPro. 

Cotton prices in Gujarat remained steady despite average demand, with ginners hopeful for a rise in prices. Some big spinners were attempting to buy cotton, but there were few sellers in the market. Cotton yarn was priced at ₹62,000-62,200 per candy of 356 kg. In Gujarat, cotton arrivals were estimated to be 23,000-24,000 bales of 170 kg, with all-India arrivals estimated at around 80,000-90,000 bales. The arrival of A grade Kapas (unginned cotton) was negligible, while the arrival of B grade Kapas was higher. 

ALCHEMPro News Desk (KUL)