South Indian cotton yarn market bearish; prices ease in Tiruppur

The Tiruppur market has experienced a drop in cotton yarn prices, declining by ₹2-3 per kg, due to reduced demand from the weaving industry. A trader from Tiruppur informed Fibre2Fashion, “Spinning mills are under increased pressure because of the sluggish demand. To attract buyers, the mills have now raised their discounts and are currently offering yarn at ₹10-12 per kg. 

Prices in the Tiruppur market were noted as 30 count combed cotton yarn at ₹260-265 per kg (excluding GST), 34 count combed cotton yarn at ₹268-273 per kg, 40 count combed cotton yarn at ₹280-285 per kg, 30 count carded cotton yarn at ₹238-243 per kg, 34 count carded cotton yarn at ₹241-246 per kg and 40 count carded cotton yarn at ₹250-255 per kg , according to Fibre2Fashion's market insight tool TexPro. 

Mumbai market has noticed stability in cotton yarn prices although demand was still weak during current fortnight of Shraad Paksh. A trader from Maharashtra told Fibre2Fashion, “The demand was not expected to rise in current fortnight. However, it may slightly improve after Shraad Paksh. Consumers avoid buying in this auspicious period which effects demand performance in the entire textile value chain.” 

The Mumbai market has observed stability in cotton yarn prices, even as demand remains weak during the current fortnight of Pitru Paksh. A trader from Maharashtra told Fibre2Fashion, “The demand is not expected to rise during this period. However, it may see a slight improvement after Pitru Paksh concludes. Consumers traditionally avoid making purchases during this period, which impacts demand across the entire textile value chain.” 

In Mumbai, 60 carded yarn of warp and weft varieties were sold at ₹1,420-1,440 and ₹1,300-1,350 per 5 kg (excluding GST), respectively. Other prices include 60 combed warp at ₹322-328 per kg, 80 carded weft at ₹1,400-1,440 per 4.5 kg, 44/46 carded warp at ₹250-255 per kg, 40/41 carded warp at ₹236-242 per kg and 40/41 combed warp at ₹262-266 per kg, as per TexPro. 

In Gujarat, cotton prices have further declined due to diminished buying interest from spinning mills and a high volume of arrivals. Traders noted a mixed trend in cotton demand. Buyers are seeking old cotton, but availability is limited. Meanwhile, demand for newly arrived cotton remains slow. In the Gujarat market, new-season Shankar-6 cotton was quoted between ₹58,500-58,700 per candy of 356 kg, while new cotton was priced at approximately ₹60,000 per candy. The market saw an arrival of around 17,000 bales, each weighing 170 kg. All-India arrival estimates stood at 62,000-63,000 bales. 

ALCHEMPro News Desk (KUL)