Optimism in south India cotton yarn market, but prices remain steady

The Tiruppur market witnessed stable cotton yarn prices, as spinning mills in the region have maintained their selling rates for July. Mills and traders are optimistic about improved demand in the weeks ahead. Spinning mills purchased 6 lakh bales (170 kg each) last Saturday and around 14 lakh bales in the past week—a considerable volume lifted by the textile industry. A trader from the Tiruppur market told Fibre2Fashion, “Hopefully, concerns regarding US tariffs, which are set to take effect from July 9, will ease with possible intervention from the Trump administration. Spinning mills are receiving business enquiries from the export market.”

In Tiruppur, knitting cotton yarn prices were noted as: 30 count combed cotton yarn at ₹255-263 (approximately $2.98-3.08) per kg (excluding GST), 34 count combed cotton yarn at ₹266-273 (approximately $3.11-3.19) per kg, 40 count combed cotton yarn at ₹278-291 (approximately $3.25-3.40) per kg, 30 count carded cotton yarn at ₹236-241 (approximately $2.76-2.82) per kg, 34 count carded cotton yarn at ₹241-246 (approximately $2.82-2.88) per kg, and 40 count carded cotton yarn at ₹249-253 (approximately $2.91-2.96) per kg.

Cotton yarn prices also remained steady in the Mumbai market, with normal demand from the consumer industry helping to support current price levels. Trade sources reported average demand in the Mumbai market, with stockists and mills not under pressure to sell. The festive season has boosted weaving activities in Maharashtra’s textile hubs and nearby regions.

In Mumbai, 60 carded yarn of warp and weft varieties were traded respectively at ₹1,380-1,430 (approximately $16.14-$16.73) and ₹1,340-1,390 (approximately $15.67-$16.26) (excluding GST), per 5 kg. Other prices include 60 combed warp at ₹315-321 (approximately $3.68-$3.75) per kg, 80 carded weft at ₹1,385-1,450 (approximately $16.20-$16.96) per 4.5 kg, 44/46 carded warp at ₹265-272 (approximately $3.10-$3.18) per kg, 40/41 carded warp at ₹248-255 (approximately $2.90-$2.98) per kg and 40/41 combed warp at ₹268-272 (approximately $3.123-3.18) per kg, according to trade sources.

Cotton prices firmed up by ₹200 per candy in the Gujarat market. Spinning mills are consistently purchasing cotton from both the open market and CCI auctions, which has improved sentiment in the cotton yarn market. According to market sources, this increased lifting has supported stable cotton yarn prices. Cotton arrivals are also decreasing across all states. Sources confirmed active buying in CCI’s auction sales. Traders mentioned that until June 30, CCI was offering cotton with a 90-day delivery period—an attractive proposition for industrial buyers. Many buyers booked cotton to take advantage of this extended delivery window. Going forward, CCI will offer cotton under auction sales with a six-day delivery condition.

The benchmark Shankar-6 cotton was quoted at ₹54,000–54,500 (approximately $631.53–$637.38) per candy of 356 kg for running supply and ₹55,000–55,200 (approximately $643.23–$645.56) per candy of 356 kg for stock cotton. Southern mills were bidding at ₹55,500–56,000 (approximately $649.07-$654.92) per candy.

Disclaimer: The prices in this article are based on market sources and hence, readers are recommended to do their own research before making any decision. The publisher and their affiliates are not liable for any inaccuracies or actions taken based on this information.

ALCHEMPro News Desk (KUL)