South India cotton yarn prices steady, mix trend seen from demand side

Cotton yarn prices remained unmoved in Mumbai market. Most counts and varieties were traded flat, though there was slightly better demand. A trader from Mumbai told Fibre2Fashion, “Stockists and mills were able to sell some parts of their stock. Local manufacturing activities were better than the previous weeks. If demand remains positive, cotton yarn may see some growth.”

In Mumbai, 60-carded yarn of warp and weft varieties were sold at ₹1,410-1,460 (approximately $16.95-$17.55) and ₹1,280-1,360 per 5 kg (approximately $15.39-$16.35) (excluding GST), respectively. Other prices include 60 combed warp at ₹329-333 (approximately $3.96-$4.00) per kg, 80-carded weft at ₹1,360-1,400 (approximately $16.35-$16.83) per 4.5 kg, 44/46-carded warp at ₹257-262 (approximately $3.09-$3.15) per kg, 40/41-carded warp at ₹252-260 (approximately $3.03-$3.13) per kg, 40/41 combed warp at ₹290-295 (approximately $3.49-$3.55) per kg, and 30/32-carded warp at ₹245-248 (approximately $2.95-$2.98) per kg, according to trade sources.

Tiruppur market noted weaker demand of cotton yarn, but prices remained unchanged. Trade sources said that mills were not able to raise their selling prices despite increase in cotton prices. They were facing weak demand from consumer industry and export market. Mills are running at an average capacity of 75 per cent against its installed production capacity.

In Tiruppur, knitting cotton yarn prices were noted on Thursday as: 30 count combed cotton yarn at ₹267-273 (approximately $3.20-3.27) per kg (excluding GST), 34 count combed cotton yarn at ₹276-281 (approximately $3.31-3.37) per kg, 40 count combed cotton yarn at ₹288-295 (approximately $3.45-3.54) per kg, 30 count carded cotton yarn at ₹240-247 (approximately $2.87-2.92) per kg, 34 count carded cotton yarn at ₹245-251 (approximately $2.88-2.96) per kg and 40 count carded cotton yarn at ₹251-256 (approximately $3.01-3.07) per kg.

In Gujarat, cotton prices have noticed positive trend in the last couple of days amid rising ICE cotton and swindling local arrival. Demand from downstream industry was also slow.

Cotton prices have risen by ₹500 per candy of 356 kg in the last couple of days. Basically, increase in ICE cotton has supported local prices. Trade sources said that local arrival will decline in the coming weeks. New crop arrival will not begin before mid-September. Lower availability may support cotton yarn prices.

Cotton arrivals were recorded at 13,000-14,000 bales of 170 kg in Gujarat, with all-India arrivals estimated at 40,000-42,000 bales. In Gujarat, the benchmark Shankar-6 cotton was quoted between ₹56,500-57,000 (approximately $677.46-$683.45) per candy of 356 kg, while southern mills were looking to buy cotton at ₹57,500-58,000 (approximately $689.45-$695.44) 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)