South India sees mixed trends in cotton yarn, prices up in Mumbai

Cotton yarn prices stabilised in the Mumbai market over the last few days after a recent increase. Mills and traders had raised prices by ₹8-10 per kg due to the higher cost of natural fibres. The market previously faced a disparity following the surge in cotton prices. A trader from the Mumbai market told Fibre2Fashion, "Mills were struggling with price disparity as cotton prices rose sharply. They increased yarn prices to address this issue. However, slow demand from the domestic and export markets has forced mills and stockholders to ease prices slightly. The textile value chain is currently under dual pressure from rising raw material costs and weak garment demand."

In Mumbai, 60 carded yarn of warp and weft varieties were sold at ₹1,420-1,480 (approximately $16.92-$17.64) and ₹1,320-1,410 per 5 kg (approximately $15.73-$16.80) (excluding GST), respectively. Other prices include 60 combed warp at ₹325-332 (approximately $3.87-$3.96) per kg, 80 carded weft at ₹1,350-1,390 (approximately $16.09-$16.57) per 4.5 kg, 44/46 carded warp at ₹255-270 (approximately $3.04-$3.22) per kg, 40/41 carded warp at ₹251-260 (approximately $2.99-$3.10) per kg and 40/41 combed warp at ₹290-295 (approximately $3.46-3.52) per kg, according to trade sources.

In the Tiruppur market, cotton yarn prices remained stable due to average demand. The situation in Bangladesh is both a concern and a source of hope. Trade sources indicate that the market is currently seeing average demand. However, Indian garment exporters are receiving orders diverted from Bangladesh, and yarn exporters have also begun supplying Bangladeshi importers in limited quantities. These developments could support cotton yarn prices in the coming weeks.

In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹268-276 (approximately $3.19-3.29) per kg (excluding GST), 34 count combed cotton yarn at ₹277-284 (approximately $3.30-3.38) per kg, 40 count combed cotton yarn at ₹290-296 (approximately $3.46-3.53) per kg, 30 count carded cotton yarn at ₹242-249 (approximately $2.88-2.97) per kg, 34 count carded cotton yarn at ₹251-255 (approximately $2.99-3.04) per kg and 40 count carded cotton yarn at ₹255-262 (approximately $3.04-3.12) per kg.

In Gujarat, cotton prices rose by ₹100-200 per candy of 356 kg due to an increase in ICE cotton. A bearish tone had been noted in the market over the past few days. Traders reported that spinning mills are cautious about fresh purchases due to slow demand for cotton yarn from the fabric industry.

The estimated cotton arrival across India was no more than 7,000-8,000 bales of 170 kg. The benchmark Shankar-6 cotton was quoted at ₹59,500-60,000 (approximately $709.12-$715.08) per candy of 356 kg, while southern mills were looking to buy cotton at ₹60,500-61,000 (approximately $721.04-$727.00) 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)