Tiruppur cotton yarn prices increase amid positive market sentiment

The Tiruppur market witnessed slightly higher demand, which supported a ₹2 per kg increase in cotton yarn prices across all counts and varieties. A trader from the Tiruppur market told Fibre2Fashion, "Buyers are more actively looking for deals. Higher cotton prices on ICE have also encouraged them to buy. Buyers are keen to book raw materials as prices have reached quite a low level." The ginning industry is looking to increase their selling prices at the end of the current arrival season. This has also encouraged spinning mills to raise cotton yarn prices.

In Tiruppur, knitting cotton yarn prices were noted as 30 count combed cotton yarn at ₹262-270 (approximately $3.12-3.22) per kg (excluding GST), 34 count combed cotton yarn at ₹272-279 (approximately $3.24-3.32) per kg, 40 count combed cotton yarn at ₹287-292 (approximately $3.42-3.48) per kg, 30 count carded cotton yarn at ₹237-244 (approximately $2.82-2.91) per kg, 34 count carded cotton yarn at ₹246-250 (approximately $2.93-2.98) per kg and 40 count carded cotton yarn at ₹250-256 (approximately $2.98-3.05) per kg.

However, cotton yarn prices remained stable in the Mumbai market. Market sentiment was not as positive as in Tiruppur, but optimism remained as before. Trade sources reported good demand for polyester-cotton yarn as its season had already begun. PC yarn is in demand for winter clothing, making this the right time for winter clothing production. Festival demand has also improved in recent days.

In Mumbai, 60 carded yarn of warp and weft varieties were sold at ₹1,330-1,370 (approximately $15.85-$16.32) and ₹1,180-1,260 per 5 kg (approximately $14.06-$15.01) (excluding GST), respectively. Other prices include 60 combed warp at ₹314-318 (approximately $3.74-$3.79) per kg, 80 carded weft at ₹1,270-1,310 (approximately $15.13-$15.61) per 4.5 kg, 44/46 carded warp at ₹242-258 (approximately $2.88-$3.07) per kg, 40/41 carded warp at ₹238-246 (approximately $2.84-$2.93) per kg and 40/41 combed warp at ₹278-283 (approximately $3.31-$3.37) per kg, according to trade sources.

In Gujarat, cotton trade was minimal as heavy rains in cotton-producing areas halted arrivals and movement. Trade sources reported negligible arrival of cotton due to rain, which may continue for the next two days. Cotton trade may resume after a break in the incessant rains in the state.

Cotton arrivals were negligible in Gujarat, with all-India arrivals estimated at 4,000-5,000 bales. Cotton yarn prices were not specified due to negligible trade in the state. Last week, the benchmark Shankar-6 cotton was quoted between ₹57,000-57,500 (approximately $679.20-$685.15) per candy of 356 kg, while southern mills were looking to buy cotton at ₹57,500-58,000 (approximately $685.15-$691.11) 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)