Apparel / Textiles & Accessories

According to Huacheng Import and Export Data Observation, on May 5th, according to foreign news, cotton yarn demand in southern India continues to be sluggish, and cotton yarn prices in the Tirupur market fell by 2-4 rupees per kilogram on Thursday. Clothing export orders are insufficient to support the market, and textile mills and hoarders are facing pressure to clear inventory.

Faced with payment issues in the Mumbai market due to weak demand for fabrics.

The demand for cotton yarn in downstream industries in southern India continues to be sluggish. The cotton yarn prices in the Tirupur market have decreased, but the Mumbai market has remained basically stable, with only 40-41 coarse combed warp yarns under sluggish demand pressure. Traders say there is no sign of improvement in the current sluggish demand situation. Clothing export orders are insufficient to support the market, as reported by Huacheng Import and Export Data Observation.

In the Tirupur market, cotton yarn prices have fallen, and exports or domestic demand cannot provide any support.

A trader in the market said, "Clothing export orders cannot support cotton yarn prices. Textile mills and hoarders are facing pressure to clear inventory

In the Tirupur market, 30 yarns are priced at 276-280 rupees per kilogram, 34 yarns are priced at 286-290 rupees per kilogram, and 40 yarns are priced at 303-308 rupees per kilogram; The selling price of 30 coarse spun yarns is 248-254 rupees per kilogram, 34 coarse spun yarns are 254-258 rupees per kilogram, and 40 coarse spun yarns are 261-266 rupees per kilogram. Huacheng Import and Export Data Observation Report.

The price trend of most varieties of cotton yarn in the Mumbai market is stable. The payment crisis has led to sluggish demand, putting pressure on the market. A trader in the Mumbai market said, "Downstream industries are facing a payment crisis, with a decrease in demand for fabrics and a depletion of cash flow in the cotton yarn market

But cotton yarn prices remained stable after a decline earlier this week. In the Mumbai market, 60 counts of coarse warp and weft yarns are reported at INR 1500-1530 and INR 1360-1400 per 5 kilograms, 60 counts of fine warp yarns at INR 350-353 per kilogram, 80 counts of coarse weft yarns at INR 1460-1500 per 4.5 kilograms, 44/46 counts of coarse warp yarns at INR 275-280 per kilogram, 40/41 counts of coarse warp yarns at INR 260-270 per kilogram, a decrease of INR 5, and 40/41 counts of fine warp yarns at INR 295-305 per kilogram. Huacheng Import and Export Data Observation Report.

In Gujarat, cotton prices have shown an upward trend driven by the rise in ICE cotton prices. Traders claim that the cotton ginning plant has a higher purchase price for cotton, but the seller is unwilling to accept the order. The cotton yarn price is reported to be 61500-61700 rupees per field, with an increase of 400-500 rupees. The arrival quantity of cotton in Gujarat is 25000-28000 bags. The total estimated arrival of cotton in India is approximately 80000 bales, as reported by Huacheng Import and Export Data Observation.