Positive tone in south Indian cotton yarn market, Tiruppur prices up

The Tiruppur market exhibited a bullish trend in cotton yarn, with prices moving upward. The demand was robust across the entire cotton value chain. A trader from the Tiruppur market informed Fibre2Fashion, "Mills raised yarn prices by ₹10 per kg at the start of this month. The market has absorbed this hike so far. This means that cotton yarn prices have increased by ₹8-10 per kg in the last two weeks. Discounts offered by mills also reduced to ₹5-7 per kg for select buyers. Market sentiment is positive, which has driven demand for cotton yarn."

In Tiruppur, cotton yarn prices were noted as: 30 count combed cotton yarn at ₹275-282 (approximately $3.32-3.40) per kg (excluding GST), 34 count combed cotton yarn at ₹280-288 (approximately $3.38-3.48) per kg, 40 count combed cotton yarn at ₹293-303 (approximately $3.54-3.66) per kg, 30 count carded cotton yarn at ₹245-253 (approximately $2.96-305) per kg, 34 count carded cotton yarn at ₹254-260 (approximately $3.06-3.14) per kg and 40 count carded cotton yarn at ₹260-268 (approximately $3.14-3.23) per kg, according to Fibre2Fashion's market insight tool TexPro.

However, the Mumbai market saw stable cotton yarn prices amid average demand. A trader from Mumbai shared with Fibre2Fashion, "Cotton has experienced a rise recently. Initially, yarn prices were supported by the raw material supply side. But now, the prices have stabilised. Fabric manufacturers, particularly power loom owners, are cautious about new purchases as they await clarity on fabric demand from the garment industry."

In Mumbai, 60 carded yarn of warp and weft varieties were sold at ₹1,480-1,510 (approximately $17.88-18.24) and ₹1,380-1,440 per (approximately $16.67-17.40) 5 kg (excluding GST), respectively. Other prices include 60 combed warp at ₹330-335 (approximately $3.99-4.05) per kg, 80 carded weft at ₹1,450-1,490 (approximately $17.52-18) per 4.5 kg, 44/46 carded warp at ₹263-270 (approximately $3.18-3.26) per kg, 40/41 carded warp at ₹258-263 (approximately $3.12-3.18) per kg, 40/41 combed warp at ₹294-300 (approximately $3.55-3.62) and 30/32 carded warp at ₹253-258 (approximately $3.06-3.12) per kg, as per TexPro.

The cotton market showed a weaker trend due to the easing of ICE cotton prices and subdued buying from spinning mills. Traders noted that the local cotton yarn market is influenced by ICE cotton trends. Prices declined by ₹300-500 (approximately $3.62-6.03) per candy of 356 kg. Cotton arrival in Gujarat was recorded at 16,000-17,000 bales of 170 kg, with an all-India estimate of 60,000-70,000 bales. In Gujarat, the benchmark Shankar-6 cotton was priced between ₹61,200-61,500 (approximately $738.49-742.11) per candy of 356 kg. Southern mills were looking to purchase cotton at ₹62,000-62,500 (approximately $748.14-754.17) per candy.

ALCHEMPro News Desk (KUL)