India Polyester Yarn Prices May Continue To Fall
As crude oil prices fall below the US $50 mark, downstream products such as polyester will be significantly affected. In order to remain competitive, polyester industry decided to make polyester yarn. Price reduction Nearly 20%.
Mr Devkishan Manghani, Secretary General of India Surat Textile Merchants Association, told media Fibre2fashion that polyester yarn prices also plummeted as crude oil prices plummeted. So far, polyester yarn prices have been reduced by 5-10%, and it is expected that in January 2009. Fall again 5-10%.
Before polyester yarn price 120-130 rupees per meter, now polyester yarn price has dropped to 80-90 rupees per meter, is expected to continue to decline. At the same time, the price of other products on the polyester value chain will also be affected, such as grey fabrics and fabrics.
Textile enterprises produce about 30 million meters of polyester cloth every day. Experts expect that the price will fall by 20%, and the output of polyester fabric will be greatly impacted.
"The finished product will also be cut down because the price of new yarn will be cheaper," the general secretary said. At present, our output has been reduced by 20%, and the downturn is expected to last until mid January.
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