Foreign news on November 18th showed that cotton yarn prices in southern India remained stable amid depressed sentiment. Due to low downstream industrial demand, basic raw material transaction prices remained at previous levels. In the absence of end consumers, buyers throughout the value chain are cautious. The price difference between different types is also one of the reasons why the industry pays attention.
Mumbai market is showing a stable trend due to the absence of buyers.
A trader from Mumbai said: “Demand in the textile industry has further weakened because they cannot receive support from garment factories. Traders and manufacturing units are interested in new buying orders Very cautious. They don’t want to increase inventory.”
In Mumbai, 60-count carded yarn is trading at Rs 1,720-1,770 per 5 kg, and 60-count combed yarn is trading at Rs 1,720-1,770 per kg. 360-365 rupees, 80 count carded yarn 1540-1580 rupees per 4.5 kg, 44/46 count carded yarn 318-323 rupees per kg, 40/41 count carded yarn 305-310 rupees per kg, 40/41 count Combed yarn is Rs 325-330 per kg.
Cotton yarn prices in Tiruppur market also remained stable. Due to seasonality, buying activity was limited, but buyers were cautious about purchasing. Traders say differences in the textile value chain are detrimental to the industry. Today in Tiruppur market, 30 count combed yarn is trading at Rs 305-310 per kg, 34 count combed yarn is Rs 315-320 per kg, 40 count combed yarn is trading at Rs 320-325 per kg, and 30 count carded yarn is trading at Rs 305-320 per kg. 275-280 rupees, 34-count carded yarn 282-285 rupees per kilogram, 40-count carded yarn 292-295 rupees per kilogram.
In Gujarat, cotton prices fell back after rising earlier this week, with prices lower in both domestic and global futures markets. According to traders, spinners are buying cotton, but they are being very cautious and budget-conscious due to ongoing disparities across the value chain. Cotton prices fell by Rs 500-800 per 356 kg.
In Gujarat, the price of cotton is 68,500-69,500 rupees per 356 kg. The arrival volume of cotton in Gujarat is still a controversial topic. Some traders estimate the arrival volume at 20,000-25,000 bales, while others estimate 34,000-40,000 bales, each weighing 170 kilograms.
