In Mumbai, the cotton yarn market is steady, but demand from the downstream industry is not expected to rise until the end of this month. “The current muted trend of the market was expected, as it happens every year. However, there is some demand from the school uniform segment, which is showing changing dynamics in the market. The raw material for school uniforms changes quickly and there is a focus on lower cost, which limits the varieties of yarn used in the garment segment,” a trader from Mumbai told Fibre2Fashion.
Cotton yarn prices in South India have remained stable with limited trade, and the market is expected to remain quiet until the end of March. Mumbai and Tiruppur have seen steady cotton yarn markets, with demand from the school uniform segment not enough to support the yarn market. Gujarat saw a gain in cotton prices due to higher buying from spinning mills.
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. The 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, according to Fibre2Fashion’s market insight tool TexPro.
Tiruppur’ cotton yarn market has also witnessed stability in prices. Market sentiments remain weak in the last week of the current fiscal. When asked about demand from the school uniform segment, one trader said that the market in India is so vast that the school uniform segment is too small to support the entire yarn market. Prices are not expected to receive support in the near future.
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 was priced at ₹60,700-61,500 per candy of 356 kg, a gain of ₹200-300 per candy due to higher buying from spinning mills. Trade sources said that spinners were keen to buy cotton at higher prices, even though the mills are facing lower demand from the downstream industry. Aggressive buying from mills shows that they are trying to build stock for the off-season period. The cotton arrival in Gujarat was estimated at 25,000 bales of 170 kg, while the all-India arrival was estimated at one lakh bales.
Fibre2Fashion News Desk (KUL)