South India’s cotton yarn market positive; prices up in Mumbai

South India observed a positive tone in cotton yarn trade as prices increased by ₹5-12 per kg in Mumbai. However, Tiruppur market noted stability in cotton yarn prices despite higher demand. According to yarn traders in Mumbai, buyers were negotiating discounts on cotton yarn. The increase in cotton prices also pushed up yarn prices in the Mumbai market. 

The Mumbai market witnessed an upward trend in cotton yarn prices due to improved buying. “Spinning mills have increased cotton yarn prices as mills received export orders. However, buyers, i.e., power loom owners were not keen to buy at higher prices. Therefore, trade volume was not high,” Jai Kishan, a trader from Mumbai told Fibre2Fashion. 

South India observed a positive tone in cotton yarn trade as prices increased by ₹5-12 per kg in Mumbai. However, Tiruppur market noted stability in cotton yarn prices despite higher demand. According to yarn traders in Mumbai, buyers were negotiating discounts on cotton yarn. The increase in cotton prices also pushed up yarn prices in the Mumbai market.

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. 

While cotton yarn prices remained stable in the Tiruppur market, there was stronger demand from the weaving industry. If the demand remains positive, cotton yarn prices are likely to improve soon. Purusottam Parmanandka, joint managing director of Tiruppur-based yarn trading company Kesharinandan Knit Fabrics Pvt Ltd told Fibre2Fashion, “The market came into a positive mode. Demand from weaving industry was better. The prices of cotton yarn may also increase very soon.” 

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 also sold slightly higher, as spinners’ interest in buying and lower production estimate supported cotton prices. The resumption of trade in cotton futures in MCX also sent a positive signal to the market. The prices improved by ₹300-500 to ₹62,500-63,000 per candy of 356 kg. Traders said that spinning mills were making enquiries to buy cotton. Earlier, they were silent due to the poor demand for yarn from the downstream industry. Cotton arrival was estimated at 35,000 bales in Gujarat and 110,000 bales in the entire country. 

Fibre2Fashion News Desk (KUL)