Cotton yarn demand poor in south India; coarse count down in Mumbai

Prices of cotton yarn of 40/41 and 44/46 counts witnessed a drop in Mumbai. A trader from this market told Fibre2Fashion, “Mills are once again under pressure to clear their stocks. They are not getting sufficient orders from the weaving industry.” 

Bearish trend persisted in south India’s cotton yarn market today. Poor buying of coarse count yarn pulled its prices down in Mumbai. Cotton yarn of 40 and 44 counts were down by ₹2-10 per kg, while fine counts yarn remained stable. Tiruppur opened after Pongal, but demand remained weak as garment units are facing sluggish buying from retailers.

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 combed warp was priced at ₹345-350 per kg. 80 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. 

Prices remained steady in Tiruppur as buyers continued to be absent from the market. Production activities at garment units were not encouraging. Traders said that the demand did not improve after the festival and stockists and millers will have to wait more. Domestic demand can be expected to improve from the festival of Eid, which will fall in April. 

In Tiruppur, 30 count combed cotton yarn was traded at ₹285-290 per kg (GST extra), 34 count combed at ₹300-305 per kg and 40 count combed at ₹310-315 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 traded at ₹62,300-62,800 per candy of 356 kg. The prices have improved since the last couple of days. According to the traders, demand reduced due to higher prices. The prices had increased to ₹63,500 per candy but could not sustain. 

Fibre2Fashion News Desk (KUL)