Duty knitting yarn quotes lower in Mumbai (Business Opportunities - Advertising Service)
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Item ID 133642884 in Category: Business Opportunities - Advertising Service
Duty knitting yarn quotes lower in Mumbai | |
On 18 July, the price of Duty Knitting Yarn (Grade 60/1 Combed) in Mumbai witnessed a Rs.3 drop, coming down from Rs.243/kg on 17 July to Rs.240/kg. This type of yarn is considered a premium-quality cotton yarn due to its combed processing, which removes short fibers and impurities, resulting in a cleaner, stronger, and smoother yarn. The 60/1 count refers to a very fine and high-twist yarn that is particularly suitable for manufacturing high-end knitted products such as luxury t-shirts, lightweight innerwear, babywear, fine hosiery, and premium fashion garments**. Its uniformity and softness make it a top choice for brands that focus on comfort and finesse. The current price decline in the Mumbai market is primarily driven by weak downstream demand and softness in raw cotton prices** at both the domestic and international levels. Spinning mills in Maharashtra and Gujarat are currently sitting on higher-than-usual inventories due to sluggish movement in finished goods. Moreover, uncertainties in export demand, especially from the US and EU markets, are causing hesitation among overseas buyers, particularly amid volatile currency exchange rates and freight delays. Traders also report that some medium-sized mills are offering discounts to liquidate old stocks ahead of the upcoming festive season, further contributing to the price drop. Looking ahead, the market sentiment remains cautiously bearish in the short term, with prices expected to remain under pressure unless there is a sudden surge in festive or retail demand. Any significant changes in global cotton prices, fresh export orders, or government policy interventions (like subsidies or export incentives) could shift the trend upward. However, if demand remains weak and inventory levels stay high, prices may continue to drift downward or remain flat over the coming weeks. Indian/Domestic Producers of Duty Knitting Yarn: 1. Vardhman Textiles Ltd., 2. Nahar Spinning Mills Ltd., 3. Arvind Limited, 4. KPR Mill Ltd., 5. Trident Group. International Producers of Duty Knitting Yarn: 1. Parkdale Mills Inc., 2. Formosa Taffeta Co., Ltd., 3. Texhong Textile Group, 4. Huafu Fashion Co., Ltd., 5. Toray Industries Inc, Knitting Yarn Prices in India, Indian Knitting Yarn Prices, Indian Prices Knitting Yarn, IndianPetrochem. | |
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| Target State: All States Target City : Delhi Last Update : Jul 18, 2025 4:19 AM Number of Views: 16 | Item Owner : Indianpetrochem Contact Email: Contact Phone: (None) |
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2025-08-12 (0.435 sec)