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Mumbai's cotton yarn market saw slightly better buying during the first half of the week, supporting gains in a few yarn counts and varieties. However, the positive trend didn't last. A Mumbai trader told Fibre2Fashion, “Buyers remained cautious amid uncertain business conditions, and better demand wasn't expected until after Ramadan.” The market anticipated increased weaving activities post-Ramadan, as many Muslim workers are involved in the weaving industry in Maharashtra and other states.
In Mumbai, 60 count carded cotton yarn of warp and weft varieties were traded at ₹1,550-1,580 and ₹1,435-1,460 per 5 kg (GST extra), respectively. The 60 combed warp was priced at ₹350-353 per kg, 80 carded (weft) cotton yarn was sold at ₹1,460-1,500 per 4.5 kg, 44/46 count carded cotton yarn (warp) was priced at ₹280-285 per kg, 40/41 count carded cotton yarn (warp) was sold at ₹272-276 per kg and 40/41 count combed yarn (warp) was priced at ₹294-307 per kg, according to Fibre2Fashion’s market insight tool TexPro.
Tiruppur's market faced average demand from the downstream industry, resulting in cotton yarn prices easing by ₹3-5 per kg due to weaker demand. Spinners initially did not cut prices, but stockists and traders offered lower prices as downstream industry demand was unsupportive. Buyers showed little interest in stocking, purchasing cotton yarn only for immediate needs.
In Tiruppur, 30 count combed cotton yarn was traded at ₹278-282 per kg (GST extra), 34 count combed at ₹288-292 per kg and 40 count combed at ₹305-310 per kg. Cotton yarn of 30 count carded was sold at ₹250-255 per kg, 34 count carded at ₹255-260 per kg and 40 count carded at ₹265-270 per kg, as per TexPro.
In Gujarat, cotton prices improved due to regular buying from spinners, who sought to build stock for longer periods as the cotton arrival season ends, traders said. Prices were quoted at ₹62,700-63,200 per candy of 356 kg, ₹200 per candy higher than the previous session. Cotton arrival in Gujarat was noted at 30,000 bales of 170 kg, with an all-India arrival estimated at around 1.15 lakh bales.
Fibre2Fashion News Desk (KUL)