Cotton yarn prices up in Mumbai, demand improves in South India

In Mumbai, the cotton yarn market has recorded better demand as traders and stockists received more trade enquiries. A trader from Mumbai told Fibre2Fashion, “Buyers felt, cotton yarn will bottom out next month. These expectations have improved market sentiments and encouraged buyers. Although, demand from downstream industry was not very promising.” 

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; 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 ₹282-287 per kg; 40/41 count carded cotton yarn (warp) was sold at ₹264-272 per kg and 40/41 count combed yarn (warp) was priced at ₹294-307 per kg, according to Fibre2Fashion’s market insight tool TexPro. 

In Tiruppur market, cotton yarn prices were stable, but demand was slightly better due to the concentration of hosiery garments in the region. Demand for hosiery clothing increases during the summer season, leading to higher cotton yarn buying. “Cotton yarn buying was slightly higher in comparison of previous months. However, it was not comparable with the buying during the same month of the last few years,” a Tiruppur-based trader told F2F. 

Cotton yarn of 30 count combed 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. 

Meanwhile, in Gujarat, cotton prices have increased by ₹1,000 to ₹61,000-62,000 per candy of 356 kg due to lower arrival and better buying. Trade sources said that spinners are quoting higher prices as they are keen to ramp up buying. South India based mills were quoting higher prices than north Indian spinners. Cotton arrival decreased from 30,000 bales of 170 kg to 25,000 bales in Gujarat, and all India arrival was estimated below one lakh bales. 

Fibre2Fashion News Desk (KUL)