Sharper decline in carded cotton yarn in South India's Tiruppur

Cotton yarn prices dipped in Tiruppur market as stockists, traders and mills are feeling pressure amid weaker demand. According to the traders, yarn prices were lowered by ₹3-10 per kg from last week. The price of carded yarn dropped by up to ₹10 per kg. A trader from Tiruppur market told Fibre2Fashion, “Spinning mills and traders were both feeling pressure for selling. However, many people in the market are hopeful of better demand from second week of the next month.” He said that carded yarn is facing more pressure because of higher availability. In Tiruppur market, 30 count combed cotton yarn was traded at ₹364-368 per kg (GST extra), 34 count combed at ₹374-378 per kg and 40 count combed at ₹380-385 per kg. Cotton yarn of 30 count carded was sold at ₹318-322 per kg, 34 count carded at ₹324-337 per kg and 40 count carded at ₹327-330 per kg, according to Fibre2Fashion’s market insight tool TexPro.

Cotton yarn prices were noted at previous level in Mumbai market. Stockists and traders are adopting wait and watch policy because they do not want to book losses. Traders said that yarn prices remained unchanged. A Mumbai based trader told Fibre2Fashion, “Traders and millers are waiting for improvement in demand. They were trying to maintain cotton yarn prices.” However, from demand perspective, there was no indication of better buying, but regular buying continued. 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,730-1,830 and ₹1,560-1,630 per 5 kg (GST extra) respectively. Carded cotton yarn (44/46 count) of warp variety was traded at ₹1,580-1,600 per 5 kg. 80 count carded cotton yarn of weft variety was sold at ₹1,690-1,740 per 4.5 kg. 40 count carded cotton yarn (warp) was sold at ₹310-315 per kg. 40 count combed yarn (warp) was priced at ₹360-365 per kg, as per TexPro.

In Gujarat, cotton prices remained stable amid poor demand from spinners. Buyers were reluctant for buying at current prices as yarn prices are facing sluggish buying from weaving industry. Shankar-6 cotton spot prices were ruling at ₹78,000-88,000 per candy of 356 kg.

Fibre2Fashion News Desk (KUL)