Carded yarn prices gained in Tiruppur market during last one week. Traders said that carded yarn prices had recorded steep decline because smaller mills were forced to reduce prices due to their limited financial capacity. Now they are increasing carded yarn prices more aggressively to recover from losses. The prices gained ₹5-8 per kg in south India’s major yarn market. A trader told Fibre2Fashion, “There was optimism about higher demand in future. Stronger cotton is also supporting yarn prices. Upward trend is likely to continue in the coming months.” Today, 30 count combed cotton yarn was traded at ₹350-355 per kg (GST extra), 34 count combed at ₹362-367 per kg and 40 count combed at ₹365-370 per kg in Tiruppur market. Cotton yarn of 30 count carded was sold at ₹322-325 per kg, 34 count carded at ₹330-334 per kg and 40 count carded at ₹337-342 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Cotton yarn prices increased in south Indian market because of better buying and stronger cotton. The prices went up ₹5-8 per kg in Tiruppur since last week. Cotton yarn was traded higher ₹3-5 per kg in Mumbai also. Traders said that there was optimism for higher demand of yarn in the coming months. Stronger cotton is also supporting yarn prices.
Mumbai market too noted upward trend in cotton yarn prices as mills and traders were trying to keep the prices upside by tightening supplies and sale. Traders said that mills and traders were selling yarn in limited quantities amid better demand. Therefore, cotton yarn prices gained ₹3-5 per kg in last one week. A broker said that there was confidence about better buying in the weeks to come which is supporting yarn prices. 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,925-1,975 and ₹1,825-1,870 per 5 kg (GST extra) respectively. 80 carded (weft) cotton yarn was sold at ₹1,780-1,800 per 4.5 kg. 44/46 count carded cotton yarn (warp) was priced at ₹365-375 per kg. 40/41 count carded cotton yarn (warp) was sold at ₹345-350 per kg. 40/41 count combed yarn (warp) was priced at ₹410-440 per kg, as per TexPro.
In Gujarat, cotton prices surged further due to nominal arrival in the mandis. According to the traders, prices are gaining despite limited buying because mills are least interested to buy cotton on higher prices. cotton prices increased by ₹4,000-5,000 per candy of 356 kg since last week. Cotton was traded at ₹92,000-100,000 per candy in spot market of Gujarat.
Fibre2Fashion News Desk (KUL)