Cotton yarn prices eased down by ₹5-10 per kg in Mumbai market as demand further weakened. Local traders said that poor demand and psychological pressure of import deals caused for down fall in yarn prices. Taiwanese supply of cotton yarn is expected to reach at Indian ports in July. Tiruppur market noted stable trend in yarn prices.
A broker from Mumbai told Fibre2Fashion, “Recent reports of cotton yarn import dampened market sentiments. Buyers further cautioned from possible better availability of yarn.” There was very limited trade in cotton yarn as buyers were reluctant to buy at higher prices.
In Mumbai market, 60 count carded cotton yarn of warp and weft varieties were traded at ₹2,070-2,120 and ₹1,950-2,020 per 5 kg (GST extra) respectively. Carded cotton yarn (44/46 count) of warp variety was traded at ₹1,930-1,970 per 5 kg. 80 count carded cotton yarn of weft variety was sold at ₹2,080-2,120 per 4.5 kg. 40 count carded cotton yarn (warp) was sold at ₹370-378 per kg. 40 count combed yarn (warp) was priced at ₹420-440 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Traders from Tiruppur said that weaker demand is main cause of concern for the market. The entire market of south India remained under pressure due to weaker demand. Yarn prices in Tirupur were stable after down fall in early of this week.
In Tiruppur market, 30 count combed cotton yarn was traded at ₹405-410 per kg (GST extra), 34 count combed at ₹420-425 per kg and 40 count combed at ₹435-440 per kg. Cotton yarn of 30 count carded was sold at ₹370-375 per kg, 34 count carded at ₹380-385 per kg and 40 count carded at ₹390-395 per kg, as per TexPro.
In Gujarat, cotton prices were hovering at around ₹100,000-105,000 per candy of 356 kg. According to the traders, demand and as well as supply remained stable. The prices were steady after decline in early of this week. Buyers were reluctant to book new deals.
