[ ]
From: Emerging Textiles
17 June 2010 -- Cotton yarn prices continued rising in June in India, as demand remains strong on the domestic market. Tirupur spinners pledged to keep prices frozen until August and more stability is therefore anticipated on the Indian market, our India Correspondent reports.
Spun yarn prices continued to rise in June in India.
Cotton yarn prices have increased by Rs 8-10 a kg in June.
Prices of other spun yarns are expected to further rise in July as demand will pick up.
Tirupur Spinners Would Freeze Prices
The spiralling cotton yarn prices in the last few months has led to an outcry by apparel exporters who find these rates uncompetitive.
Prices by the end of May had gone up by almost Rs 20 a kg, compared to April.
With the textiles ministry also taking note of the situation, Tirupur spinners decided to put a freeze on cotton yarn prices until the end of August.
Tirupur mills have agreed upon a certain level of prices. For instance, price of 20s combed yarn would be at Rs 157, 30s at 177 Rps, and 40s 194 Rps a kg.
Spinners elsewhere in the country may not follow these prices.
Some mills in the north would already lower their prices from the current market levels.
Spinners outside of Tirupur expect prices of cotton yarns, 30s counts to settle around Rs 165-170 a kg, and 40s around Rs 185 a kg, for some months.
Prices may not go down in the coming months, as demand continues to remain strong, even at these prices.
However, exports are getting difficult, even as the rupee depreciated almost 4% in June.
But the shift to the domestic market has not eased pressure on prices, as spinners expect cotton availability to remain tight, and thus prices also.
Polyester Spun Yarns
Polyester spun yarn prices in June have remained at the levels of May.
Demand is good and is expected to pick up further in July and August.
But lower raw material prices have helped spinners keep prices unchanged.
Polyester-Cotton Yarns
Demand for polyester-cotton yarns remains strong, with a further pick-up expected in July and August.
Fabric production has begun increasing and yarn movement has improved.
The seasonal water shortage in the South, had caused Grasim to shut down its viscose fibre plant for a few days.
This led to short supply of the fibre and to a shift to polyester-cotton yarns.
Polyester-viscose yarn prices were up Rs 3-5 a kg, and viscose spun yarn prices Rs 5 a kg in June.
- Send to EmergingTextiles.com
_____________________
|
Home
Add Your Company Contact
Us About Us Advertise
News Letter Legal
Help |