Cotton yarn in southern India faces selling pressure due to sluggish demand
Foreign news on April 25th showed that cotton yarn prices in southern India have stabilized, but there is selling pressure. Trade sources report that spinning mills are currently making no profit or facing losses due to high cotton costs and weak demand from the textile industry. The textile industry is currently turning to more affordable alternatives. However, polyester or viscose blends are not popular with the weaving and apparel industries, with such buyers reportedly rejecting or objecting to them.
Mumbai cotton yarn is facing selling pressure, with textile mills, hoarders and traders looking for buyers to clear cotton yarn stocks. But textile mills are reluctant to make large purchases. A trader in Mumbai said: “Although cotton yarn prices remain stable, sellers are still offering discounts on the basis of published prices to attract buyers. Demand from garment manufacturers has also declined.” The textile market has also seen new products mixed with cheaper fibers. Trends, cotton polyester, cotton viscose, polyester, viscose fabrics are popular because of their price advantages. The cloth and apparel industries are adopting cheaper raw materials to protect their profits.
In Mumbai, warp and weft of 60-count carded yarn are trading at Rs 1,550-1,580 and Rs 1,410-1,440 per 5 kg (excluding goods and services tax). The price of 60-count combed yarn is 350-353 rupees per kilogram, 80-count carded yarn is 1460-1500 rupees per 4.5 kilograms, 44/46-count carded yarn is 280-285 rupees per kilogram, and 40/41-count carded yarn is 272-272 per kilogram. 276 rupees, 40/41 count combed yarn 294-307 rupees per kg.
Tiruppur cotton yarn prices have also tended to be stable, and demand has insufficient support for the market. Export demand is very weak, which does not help the cotton yarn market. The high price of cotton yarn has limited its acceptance in the domestic market. A trader in Tirupur said: “Demand may be difficult to improve in the short term. The profits of the textile value chain have dropped to the lowest level. Many spinning mills currently have no profit or are facing losses. Everyone is uneasy about the current market situation.”
In the Tirupur market, the transaction price of 30-count combed yarn is 278-282 rupees per kilogram (excluding goods and services tax), and the 34-count combed yarn is 288-282 rupees per kilogram. -292 rupees, 40 count combed yarn 305-310 rupees per kg. The price of 30-count carded yarn is 250-255 rupees per kilogram, 34-count carded yarn is 255-260 rupees per kilogram, and 40-count carded yarn is 265-270 rupees per kilogram.
Cotton prices in Kupang, India, are weak due to reduced demand from spinning mills. Traders reported that uncertainty about demand in the downstream industry has caused spinners to be cautious about purchasing. Textile mills are also not interested in expanding their inventories. The price of cotton yarn is 61,700-62,300 rupees per candy (356 kg), and the arrival volume of Kupang cotton is 25,000-27,000 bales (170 kg per bale). The arrival volume of cotton in India is estimated to be around 9-9.5 million bales.
AAAFGHTYHCGER
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