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Mumbai market witnessed downward trend in cotton yarn prices. Jai Kishan, a trader from Mumbai told Fibre2Fashion, “Cotton yarn prices softened ₹3-5 per kg in last couple of days because of slower demand. Traders and stockists who had earlier increased prices, were forced to reduce now. Fabric production in powerlooms increased but it was not enough to support yarn prices.” In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,525-1,540 and ₹1,450-1,490 per 5 kg (GST extra) respectively. According to Fibre2Fashion’s market insight tool TexPro, 60 combed warp cotton yarn 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.
South India’s cotton yarn market witnessed mixed trend in prices. Tiruppur market noted steady trend in prices, but traders were optimistic. In Mumbai market, weaker demand pulled down cotton yarn prices. Traders said that demand was not so strong which caused for price fall of ₹3-5 per kg. Last week, traders and stockists raised prices in Mumbai market.
But Tiruppur market noted steady trend in cotton yarn prices amid optimistic approach towards future demand. Trade sources said that overall sentiments were better but yarn prices remained stable because they were already hovering at higher level. Traders, however, felt that local demand of cotton yarn was still lower despite improvement in recent weeks. 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 in the Tiruppur market. 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 were stable amid weaker demand from spinners. Recent price rise has discouraged buyers despite the fact that spinning mills have increased production to fulfil expected demand from domestic and international markets. The prices were hovering between ₹62,300 to ₹ 62,800 per candy of 356 kg.
Fibre2Fashion News Desk (KUL)
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