South India cotton yarn market stagnates amid low demand, export woes

Cotton yarn prices did not see any movement amid limited buying. Spinning mills and traders are hoping to maintain cotton yarn prices at the current levels. A trader from Mumbai told Fibre2Fashion, “Buyers are purchasing cotton yarn as per their immediate demand. Textile shipments to Bangladesh have not yet normalised, which is a cause of concern for the market. Sellers may reduce offer prices if they find a buyer. Trade volume has decreased significantly in the market.”

In Mumbai, 60-carded yarn of warp and weft varieties was sold at ₹1,330-1,370 (approximately $15.87-$16.35) and ₹1,180-1,260 per 5 kg (approximately $14.08-$15.04) (excluding GST), respectively. Other prices include 60 combed warp at ₹314-318 (approximately $3.75-$3.80) per kg, 80-carded weft at ₹1,270-1,310 (approximately $15.16-$15.64) per 4.5 kg, 44/46-carded warp at ₹242-258 (approximately $2.89-$3.08) per kg, 40/41-carded warp at ₹238-246 (approximately $2.84-$2.94) per kg, and 40/41 combed warp at ₹278-283 (approximately $3.32-$3.38) per kg, according to trade sources.

The Tiruppur market also noted sluggish demand from the fabric and garment industry. Cotton yarn prices remained stable. According to trade sources, the market is facing uncertainty regarding the revival of demand. There is hope for a demand revival after the Rakhi festival, which was celebrated yesterday. The next few days will be crucial for cotton yarn trade if the market sees better sentiment.

In Tiruppur, knitting cotton yarn prices were noted on Thursday as follows: 30 count combed cotton yarn at ₹260-268 (approximately $3.10-$3.20) per kg (excluding GST), 34 count combed cotton yarn at ₹272-277 (approximately $3.25-$3.31) per kg, 40 count combed cotton yarn at ₹285-290 (approximately $3.40-$3.46) per kg, 30 count carded cotton yarn at ₹237-244 (approximately $2.83-$2.91) per kg, 34 count carded cotton yarn at ₹244-248 (approximately $2.91-$2.96) per kg, and 40 count carded cotton yarn at ₹248-254 (approximately $2.96-$3.03) per kg.

In Gujarat, cotton prices remained stable despite fluctuations in ICE cotton. Traders said that the domestic market is not detached from the global market as the next few days will be critical for the domestic textile industry amid nominal supply of the natural fibre. Higher MSP is also supporting cotton yarn prices in the domestic market. Cotton arrivals further reduced in Gujarat and other states in the country. Mills are trying to buy cotton, but they are very cautious about pricing issues.

Cotton arrivals were recorded at 3,000 bales of 170 kg in Gujarat, with all-India arrivals estimated at 8,000-9,000 bales. The benchmark Shankar-6 cotton was quoted between ₹57,000-57,500 (approximately $680.31-$686.28) per candy of 356 kg, while southern mills were looking to buy cotton at ₹57,500-58,000 (approximately $686.28-$692.25) per candy.

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

ALCHEMPro News Desk (KUL)