Cotton yarn prices in southern India fall, buyers remain silent
Foreign news on October 24, cotton yarn prices in southern India fell by 3-8 rupees per kilogram, and sellers are actively looking for buyers. According to traders, sellers are forced to offer lower prices due to lack of buyer interest due to uncertainty in the downstream industry and festive atmosphere. Traders, however, expect demand to improve after Diwali, when the arrival of the new crop could lead to lower prices.
Cotton prices in the Mumbai market have shown a downward trend, with cotton yarn prices falling by 3-7 rupees per kilogram. Shoppers and stockists are working hard to get inquiries from buyers.
A trader in the Mumbai market said: “Buyers remain silent before Diwali. The slowdown in demand in the downstream industry and the festive atmosphere have discouraged buyers. We look forward to it Demand will improve after Diwali.”
In Mumbai, the prices of 60-count warp yarn and 60-count weft yarn are 1,650-1,690 rupees and 1,590-1,620 rupees per five kilograms. The price of 60 count combed warp yarn is 365-375 rupees per kilogram. 80 count weft yarn is priced at Rs 1550-1600 per 4.5 kg.
The price of 44/46 count woolen cotton yarn (warp yarn) is 317-322 rupees per kilogram. According to Fibre2Fashion’s market insight tool TexPro, 40/41 count woolen cotton yarn (warp yarn) is priced at 300-305 rupees per kilogram, and 40/41 count combed yarn (warp yarn) is priced at 315-320 rupees per kilogram.
In Tiruppur market, cotton yarn prices fell by Rs 3-8 per kg. Poor demand from the textile industry and falling cotton prices have dragged down cotton yarn prices. But post-Diwali, people are optimistic about demand improving.
A trader in Tiruppur market said: “Demand in domestic and export markets is still weak. Cotton yarn prices are unlikely to rise. If demand improves when prices are lower, it will be A good sign.”
In the Tiruppur market, the price of 30-count combed cotton yarn is 312-317 rupees per kilogram, and the price of 34-count combed cotton yarn is 320-325 rupees per kilogram. , the price of 40 count combed cotton yarn is 328-333 rupees per kilogram.
According to TexPro company data, the price of 30-count combed cotton yarn is 285-290 rupees per kilogram, the price of 34-count combed cotton yarn is 290-295 rupees, and the price of 40-count combed cotton yarn is 290-295 rupees. Cotton yarn price is 302-318 rupees.
In Kupang, cotton prices fell by Rs 1,000 per candy (356 kg) in the past few days as the trend of weak demand in the global market remained unchanged.
Market sources said demand for cotton yarn length remained at average levels. However, the bearish trend in cotton futures prices on the Intercontinental Exchange (ICE) suppressed sentiment in the cotton market.
In Kupang, the price of cotton dropped from 69,000 rupees to 68,000 kandy. The daily arrival volume of cotton has increased to 20,000-22,000 bales (170 kg/bag).
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