South Indian cotton yarn market optimistic; prices remain stable

The Mumbai market saw a steady trend in cotton yarn prices with improved buying, though buyers were negotiating for lower prices. “Power looms are operating at higher capacities, but demand for fabric has not picked up due to liquidity constraints. Yarn prices can improve only if better buying persists,” a Mumbai-based trader told Fibre2Fashion. 

In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,540-1,570 and ₹1,440-1,490 per 5 kg (GST extra) respectively. 60 count combed warp was priced at ₹345-350 per kg. 80 count carded (weft) cotton yarn was sold at ₹1,470-1,490 per 4.5 kg. 44/46 count carded cotton yarn (warp) was priced at ₹275-280 per kg, 40/41 count carded cotton yarn (warp) was sold at ₹262-268 per kg, and 40/41 count combed yarn (warp) was priced at ₹290-293 per kg, according to Fibre2Fashion's market insight tool TexPro. 

Cotton yarn prices were also steady in the Tiruppur market, even though demand from buyers was better. There was optimism that cotton yarn buying would improve further in March 2023 due to seasonal factors. 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. 30 count carded cotton yarn was sold at ₹255-260 per kg, 34 count carded at ₹265-270 per kg, and 40 count carded at ₹270-275 per kg, according to TexPro. 

In Gujarat, cotton was also sold at higher prices, with prices rising by ₹400-500 to ₹62,200-62,500 per candy of 356 kg. Traders reported that spinning mills were seeking to purchase natural fibre for future demand, but price disparity was hindering bulk buying. If the disparity decreases, ginners may increase production. 

Fibre2Fashion News Desk (KUL)