Mumbai’s cotton yarn market experienced slow buying as purchasers were cautious. Trade sources reported that the presence of Muslim workers in power looms was currently low due to Ramadan but may improve next week. However, demand from garment units remained unclear. Cotton yarn prices held steady amid limited purchases.
South India’s cotton yarn trade depends on domestic purchases, with stagnant prices due to insufficient trade inquiries.
Export demand may shift to polyester-cotton and polyester for winter clothing production.
Mumbai and Tiruppur markets experienced slow buying and weak demand.
Market sentiment shifted rapidly, but overall demand remained poor.
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. According to Fibre2Fashion’s market insight tool TexPro, 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.
Tiruppur’s market also observed weak demand from the downstream industry. Although cotton yarn prices remained stable, demand did not offer sufficient support. A Tiruppur trader told Fibre2Fashion, “Cotton clothing has become a premium garment segment, causing common consumers to move away from the market. Nevertheless, domestic seasonal demand might continue for another two months. Without export demand support, cotton yarn may not experience significant buying.”
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 saw high volatility, stabilising in the evening today after a decrease of ₹400-500 per candy of 356 kg. Prices were quoted between ₹62,300 and ₹62,800 per candy by evening. Chetan Bhojani, a Gujarat-based trader, mentioned that market sentiment shifted rapidly, but overall demand was very poor due to disparities when comparing ICE cotton. Cotton arrival in Gujarat was recorded at 28,000-30,000 bales of 170 kg, with an estimated one lakh bales across India.
Fibre2Fashion News Desk (KUL)
