Cotton yarn prices see mixed trend in south India
Due to demand and cost factors, cotton yarn prices in south India showed mixed trend in the second half of the last week. Trade remained thin amid festive mood and seasonal sluggishness. On Saturday, while prices remained almost stable in Mumbai, Tiruppur market remained closed due to the continuing festive mood among traders and workers.
Tiruppur market may see standstill on January 17 and 18, due to a strike called in protest of steep hike in cotton and yarn prices. However, traders expect trading and manufacturing activities to pick up after one week for the next summer season clothing.
In Mumbai market, cotton yarn prices remained almost steady on Saturday as demand was very weak. After festival holiday, many factories were facing labour shortage as they did not come back to work on the very next day of holiday. It is expected that market scenario will change at the end of this month when fabric manufacturers will start fresh buying.
In Mumbai market, 60 count carded cotton yarn of warp and weft varieties were traded steady at ₹1,910-1,990 per 5 kg and ₹1,690-1,740 per 5 kg respectively. 80 count carded cotton yarn of weft variety was sold at ₹1,825-1,850 per 5 kg. It had seen slight decline trend in last few days due to sluggish manufacturing activities. Carded cotton yarn (46 count) of weft variety was sold at ₹1,730-1,760 per 5 kg in the market.
In Tiruppur market, normal trading activities is expected to resume after January 20 as there will be strike in the textile city January 17 and 18. Though the market remained closed on Saturday, cotton yarn prices of 30 count combed were quoted at ₹ 355-360 per kg, 34 count combed at ₹360-366 per kg, and 40 count combed at ₹390-395 per kg. Cotton yarn of 30 count carded was quoted at ₹ 315-320 per kg, 34 count carded at ₹ 322-328 per kg, and 40 count carded at ₹345-350 per kg. Last week, the price of cotton yarn of 30 count carded and 34 count carded had fell down between ₹1 to ₹3 per kg last week due to poor demand, but 34 count combed and 40 count combed yarn gained ₹3-5 per kg.
Regards
Team Sis
Any query plz call 9111677775
https://wa.me/919111677775
