South India cotton yarn market weak, yet optimism persists

Mumbai’s cotton yarn market witnessed a slight easing in a few counts and varieties, while other counts and varieties remained steady amid limited demand. However, market participants expect sentiment to improve in the coming weeks. A trader from the Mumbai market told Fibre*Fashion, “The market mood may improve as Muslim workers return to work after the Muharram holiday. Higher production activity in the loom sector will drive demand for cotton yarn. Improved sentiment in the cotton yarn market is also likely to support fabric buying from the consumer industry.”

In Mumbai, ** carded yarns of warp and weft varieties were traded at ****;*,***–*,*** (~$**.**–**.**) and ****;*,***–*,*** (~$**.**–**.**) per * kg (excluding GST), respectively. Other prices included ** combed warp at ****;***–*** (~$*.**–*.**) per kg, ** carded weft at ****;*,***–*,*** (~$**.**–**.**) per *.* kg, **/** carded warp at ****;***–*** (~$*.**–*.**) per kg, **/** carded warp at ****;***–*** (~$*.**–*.**) per kg, and **/** combed warp at ****;***–*** (~$*.**–*.**) per kg, according to trade sources.

In the Tiruppur market, cotton yarn prices remained largely unchanged as traders awaited the monthly price revision by southern spinning mills. The market also witnessed weak demand from downstream industries. According to market sources, mills are expected to review their selling rates on the first day of next month. Cotton yarn prices may see a slight decline after adjustments in cotton costs and other factors. Buyers are likely to step up purchases following the monthly price revision.

In Tiruppur, knitting cotton yarn prices were noted as follows: ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.