India Polyester Yarn Prices Soar on Supply Constraints and Crude Rally

Polyester and speciality yarn prices in India's Ludhiana and Surat markets have surged due to supply constraints and higher crude oil prices. The Middle East tensions have disrupted petrochemical raw material supplies, leading to a rally in crude oil prices.

Recycled and virgin polyester yarn prices rose by ~$*.**, *.** per kg during the week, while viscose yarn also increased by ~$*.** per kg on tight supply and firm demand. The new cotton prices in north India recovered by ~$*.** per maund as sellers resisted lower levels and ICE cotton strengthened.

In Ludhiana market, polyester-cotton yarn prices were steady, but the supply of raw material was limited. A trader from Ludhiana market said that the Middle East war has affected raw material supply severely, with Chinese companies selling more than their production capacity, depleting stocks in the process.