Cotton yarn prices rise in southern India amid weak demand
Foreign news reported on August 23 that since last week, the price of cotton yarn in the southern Indian market has increased. In Tirupur market, the price of woolen cotton yarn increased by Rs 5-8 per kg, but the price of worsted cotton yarn remained stable. Cotton yarn prices have also increased in the Mumbai market. Sentiment has weakened, however, as buyers shy away from purchases when prices rise. Traders expect buying to improve next month.
In the past few trading days, the prices of woolen yarn have further increased in Tirupur market. Traders said there was more demand for slubby yarn, leading to an increase in prices by Rs 5-8 per kg. Small textile mills mainly produce woolen yarn. They are trying to increase yarn prices to close the gap. The recent rise in cotton prices has widened the gap in yarn production. Traders expect downstream industry demand to improve in the coming week. Purusottam Parmanandka, joint managing director of Tirupur-based yarn trading company Kesharinandan Knit Fabrics, said September is expected to improve. End-user purchases will improve next week. At present, the demand for woolen yarn is relatively large. In the Tirupur market, 30-count worsted cotton yarn is trading at Rs 350-355 per kg (excluding GST), 34-count worsted yarn is trading at Rs 362-367 per kg, and 40-count worsted cotton yarn is trading at Rs 365-365 per kg. 370 rupees. According to Fibre2Fashion’s market insight tool TexPro, 30-count slub cotton yarn is sold at Rs 327-330 per kg, 34-count slub yarn is sold at Rs 335-340 per kg, and 40-count slub yarn is sold at Rs 345-350 per kg. sell.
Cotton yarn prices remained stable in Mumbai market as demand weakened due to rising prices. Traders said cotton yarn prices increased last week. Fabrics were also initially supported by rising yarn prices, but demand from apparel manufacturers remained at average levels. At present, the entire industry chain is waiting for end-user demand. Traders said yarn prices can only be supported when demand for clothing picks up. Some cotton yarn prices increased by Rs 5-8 per kg last week, but the trend is stable this week. 60 count warp and weft yarns are trading at Rs 1,925-1,975 and Rs 1,850-1,900 per 5 kg (excluding GST). 80 count woolen weft yarn is priced at Rs 1870-1920 per 4.5 kg. The price of 44/46 count woolen warp yarn is 375-385 rupees per kilogram. 40/41 count woolen warp yarn is priced at Rs 360-365 per kg. The price of 40/41 count worsted warp yarn is 425-430 rupees per kilogram.
In Kupang, cotton prices remain stable due to limited cotton purchases by textile mills. Many textile mills have reduced yarn production or closed completely. In the spot market, cotton is traded at Rs 92,000-100,000 per kandi (356 kg).
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