A bearish trend was noted in south India’s cotton yarn market today, with traders reporting limited orders from domestic and foreign brands and retailers. This has resulted in downstream industries avoiding new purchases of cotton yarn. In Mumbai, a few counts of yarn, including 60 carded weft yarn, have eased, but other counts remained steady at previous levels, with the market being more dependent on export demand.
A bearish trend was noted in south India’s cotton yarn market today, with traders reporting limited orders from domestic and foreign brands and retailers. This has resulted in downstream industries avoiding new purchases of cotton yarn. In Mumbai, a few counts of yarn, including 60 carded weft yarn, have eased, but other counts remained steady.
The Mumbai market has noted weaker demand from the downstream industry, with 60 count carded weft cotton yarn declining by ₹5-7 per kg. However, other varieties of cotton yarn remained steady. The demand from the domestic garment industry was poor, but yarn export demand was better. “There is low demand for the cotton yarn. The downstream garment industry is facing slower demand from end-users, and a few counts and varieties of yarn saw a decline in their prices,” a trader from Mumbai told Fibre2Fashion.
In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,525-1,540 and ₹1,400-1,450 per 5 kg (GST extra), respectively. According to Fibre2Fashion’s market insight tool TexPro, 60 combed warp was priced at ₹342-345 per kg. 80 carded (weft) cotton yarn was sold at ₹1,440-1,480 per 4.5 kg. 44/46 count carded cotton yarn (warp) was priced at ₹280-285 per kg. 40/41 count carded cotton yarn (warp) was sold at ₹260-268 per kg, and 40/41 count combed yarn (warp) was priced at ₹290-303 per kg.
The Tiruppur market also noticed a bearish trend in demand, with trade sources reporting that buyers were not interested in new purchases due to the uncertainty regarding the demand for garments. Manufacturing units are facing an acute shortage of garment orders. In this market, 30 count combed cotton yarn was traded at ₹280-285 per kg (GST extra), 34 count combed at ₹292-297 per kg, and 40 count combed at ₹308-312 per kg. Cotton yarn of 30 count carded was sold at ₹255-260 per kg, 34 count carded at ₹265-270 per kg, and 40 count carded at ₹270-275 per kg, as per TexPro.
In Gujarat, cotton prices eased down by ₹500 per candy of 356 kg. Trade sources reported that spinners were buying cotton only for immediate demand, and the demand and supply of cotton were almost equal. The cotton arrival was estimated to be around 1.55 lakh bales of 170 kg each in India, with the Gujarat market noting the arrival of 35,000 bales. The prices were hovering between ₹62,000 to ₹62,500 per candy.
Fibre2Fashion News Desk (KUL)