In the Tiruppur market, the state of demand from the weaving industry remains weak, with no anticipation of improvement in the near future. A trader conveyed to Fibre2Fashion, “There was no additional weakness in demand from the weaving industry. However, the market did not witness any signs of improvement. The surge in garment imports from China is indeed a concern for the market.”
Prices in the Tiruppur market were noted as 30 count combed cotton yarn at ₹263-268 per kg (excluding GST), 34 count combed cotton yarn at ₹271-276 per kg, 40 count combed cotton yarn at ₹282-287 per kg, 30 count carded cotton yarn at ₹238-243 per kg, 34 count carded cotton yarn at ₹242-247 per kg and 40 count carded cotton yarn at ₹250-255 per kg, according to Fibre2Fashion's market insight tool TexPro.
Similar trend was noticed in Mumbai cotton yarn trade. The prices were ruling at previous level amid slow demand. There was no noticeable push from festival buying in local market. A trader from Mumbai market told Fibre2Fashion, “Most of regional demand before festival remained muted. Demand before Durga Puja in West Bengal did not improve. Heavy stocks at every level were eating sporadic buying from various markets.”
A similar trend has been observed in Mumbai, where the yarn trade is experiencing sluggish demand, with no apparent boost from festival buying in the local market. A Mumbai trader told F2F that even the upcoming Durga Puja festival in West Bengal has not managed to enhance demand, and the prevalent heavy stocks continue to suppress sporadic buying from various markets.
In Mumbai, 60 carded yarn of warp and weft varieties were sold at ₹1,460-1,480 and ₹1,350-1,380 per 5 kg (excluding GST), respectively. Other prices include 60 combed warp at ₹322-328 per kg, 80 carded weft at ₹1,340-1,380 per 4.5 kg, 44/46 carded warp at ₹260-265 per kg, 40/41 carded warp at ₹245-250 per kg and 40/41 combed warp at ₹270-275 per kg, as per TexPro.
Meanwhile, in Gujarat, the cotton prices have alternated between a decline and a rise, swinging by ₹1,000-1,200 per candy of 356 kg over recent days. The decline witnessed in ICE cotton in the preceding session, paired with the bearish trend in the textile downstream industry, has further dampened the market sentiment. Gujarat's Shankar-6 cotton was quoted between ₹61,000 and ₹62,000 per candy, with a report of about 8,000 bales of 170 kg arriving in the region. The all-India arrival was estimated at 27,000-28,000 bales.
ALCHEMPro News Desk (KUL)
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