South India’s cotton yarn market remained stable today. Trading activities increased in Tiruppur, where cotton yarn was sold at previous rates. Domestic demand in the Mumbai market was limited, according to traders. While spinners may be bullish due to high export orders, domestic demand from the downstream industry has not been encouraging and buyers were cautious.  

Mumbai market witnessed steady trend in cotton yarn prices. “While cotton yarn prices had increased early this week, demand from the domestic industry was average. Buyers were still cautious about new deals. Therefore, the prices did not improve further,” a trader from Mumbai told Fibre2Fashion.

South India’s cotton yarn market remained stable today. Trading activities increased in Tiruppur, where cotton yarn was sold at previous rates. Domestic demand in the Mumbai market was limited, according to traders. While spinners may be bullish due to high export orders, domestic demand from the downstream industry has not been encouraging.

In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,540-1,570 and ₹1,470-1,520 per 5 kg (GST extra), respectively. 60 combed warp was priced at ₹350-355 per kg, 80 carded (weft) cotton yarn was sold at ₹1,510-1,540 per 4.5 kg, 44/46 count carded cotton yarn (warp) was priced at ₹285-290 per kg, 40/41 count carded cotton yarn (warp) was sold at ₹277-282 per kg, and 40/41 count combed yarn (warp) was priced at ₹300-305 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

The Tiruppur market also saw a steady trend in cotton yarn prices, with better demand but no improvement in prices due to already high cotton yarn prices compared to other markets. Tamil Nadu-based mills typically revise yarn prices at the beginning of the month, resulting in fewer fluctuations in a month. 

In the Tiruppur 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 decreased in the last two days after appreciation till Wednesday. Recent price rise has discouraged buyers, leading to easing in cotton prices. The prices were hovering between ₹62,500-63,000 per candy of 356 kg. Traders said that spinning mills not only from Gujarat but also from South India were actively buying till Wednesday, but demand eased after cotton prices increased. Cotton arrival was estimated at 37,000 bales in Gujarat and 115,000 bales in the entire country. 

Fibre2Fashion News Desk (KUL)