Cotton yarn prices fall in southern India, but fabric purchases increase

Foreign news on September 27, cotton yarn prices in southern India fell by 2-5 rupees per kilogram because demand did not improve from last week. In Mumbai, however, fabric sourcing has improved slightly.

The cotton yarn market is facing weak demand as buyers have no confidence in future purchases. Traders believe that buyers are expecting cotton prices to fall as arrivals peak.

In the Mumbai market, cotton yarn prices further fell by Rs 2-3 per kg. Although market sentiment for cotton yarns remains weak, fabrics have improved slightly. A trader in the Mumbai market said: “Textile merchants’ buying was dull and cotton yarn prices further fell by Rs 2-3 per kg. But garment companies are active in buying fabrics. We have to assess the market trend in the next few days. Few cotton mills Attempts were made to increase cotton yarn prices by Rs 1-2 per kg, but no deal seems to have been concluded at higher prices.”

In Mumbai, 60 count carded warp and weft The prices quoted are 1680-1710 rupees and 1590-1620 rupees per 5 kg. Combed warp yarn of 60 counts is trading at Rs 388-405 per kg. 80 count carded weft yarn is priced at Rs 1,590-1,620 per 4.5 kg. 44/46 count carded warp yarn is quoted at Rs 328-333 per kg. The 40/41 count carded warp yarn is priced at 303-312 rupees per kilogram, and the 40/41 count combed warp yarn is quoted at 350-355 rupees per kilogram.

In Tiruppur market, cotton yarn prices fell by Rs 2-5 per kg as there was no sign of increase in demand. Buyers are hesitant to make new purchases as they try to maintain buy-as-you-go sales and focus on inventory clearance. A trader from Tiruppur said: “Buyers expect cotton prices to fall sharply during the peak season when new goods arrive. Therefore, they do not want to cause losses, but are trying to keep buying raw materials.”

In the Tiruppur market today, the price of 30-count combed cotton yarn is 342-345 rupees per kilogram, the price of 34-count combed cotton yarn is 352-355 rupees per kilogram, and the 40-count combed cotton yarn is quoted at 355-360 rupees per kilogram. . 30-count carded cotton yarn is priced at 315-320 rupees per kilogram, 34-count carded cotton yarn is quoted at 322-325 rupees per kilogram, and 40-count carded cotton yarn is quoted at 327-332 rupees per kilogram.

In Kupang, the arrival volume of new cotton has increased, with the daily arrival volume reaching 6,000 bales (170 kg/bag). Cotton prices fell slightly after new cotton started arriving. In the Kupang spot market, Shankar-6 new cotton is quoted at 3,000-75,000 rupees per kandi.

With the arrival of the auspicious festival of Navratri yesterday, cotton ginners began to purchase seed cotton. However, textile mills remain cautious as they expect cotton prices to show a downward trend during the peak period of arrivals.

AAAVSGREHTRY45

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