Mumbai broker said Fiber2Fashion“Recent reports on cotton yarn imports have weakened market sentiment. Buyers have also warned that the availability of yarn may be improved.” Buyers buy at higher prices Because he hesitated to do, the cotton yarn trade was very limited.
In the Mumbai market, 60 counts of warp and weft were traded at £ 2,070-2,120 and £ 1,950-2,020 per 5 kg (additional GST), respectively. The warp type worsted cotton yarn (44/46 counts) traded at £ 1,930-1,970 per 5 kg. The 80-count worsted cotton yarn of the warp and weft variety sold for 2,080-2,120 pounds per 4.5 kg. 40 counts of worsted cotton thread (warp) sold for £ 370-378 per kg. According to the 40-count combed yarn (warp), the price was £ 420-440 per kg. Fibre2 Fashion’s market insight tool TexPro.
In the Mumbai market, the price of cotton yarn fell by 5-10 pounds per kg as demand further weakened. Local traders said very poor demand and psychological pressure on imports caused the fall in yarn prices. Taiwan’s cotton thread supply is expected to reach Indian ports in the coming July. The Tilpur market has shown a stable trend in yarn prices.
Tilpur traders said weak demand was a major concern for the market. The entire South Indian market continued to be under pressure due to sluggish demand. Tilpur yarn prices have been stable since the fall earlier this week.
In the Tilpur market, 30 counts of combed cotton yarn are traded at £ 405-410 per kg (GST Extra), 34 counts are traded at £ 420-425 per kg and 40 counts are traded at £ 435-440 per kg. I did. 30-count cotton cards were sold at 370-375 pounds per kg, 34-count cotton cards at 380-385 pounds per kg, and 40-count cotton cards at 390-395 pounds per kg. TexPro.
In Gujarat, cotton prices have been around £ 100,000 to £ 5,000 per 356 kg candy. According to traders, supply and demand were stable. Prices have been stable since the fall earlier this week. Buyers were reluctant to book new transactions.
Fiber2Fashion News Desk (KUL)
Cotton yarn prices fall in Mumbai as Indian imports weigh heavily on the market
Source link Cotton yarn prices fall in Mumbai as Indian imports weigh heavily on the market