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India's viscose, polyester yarn slide amid crude oil drop, weak dollar

In Surat, polyester spun and specialised yarns fell by &#****;* per kg following a sharp decline in crude oil prices. Falling crude oil generally makes polyester fibre cheaper. However, Indian producers have not yet lowered polyester fibre prices. Buyers have become cautious about making new deals, anticipating a further drop in polyester yarn prices. A trader from the Surat market told Fibre2Fashion, “Domestic virgin polyester producers will not be able to maintain prices. They will have to reduce prices following the steep rise seen in the second half of last month. Polyester yarn demand has also slowed due to market fluctuations.”

In Surat market, ** count polyester spun yarn was traded at &#****;***-*** (~$*.**-*.**) per kg (GST extra); ** count poly spun yarn at &#****;***-*** (~$*.**-*.**) per kg; **/** fully drawn yarn (FDY) at &#****;***-*** (~$*.**-*.**) per kg; **/** FDY at &#****;***-*** (~$*.**-*.**) per kg; ** bright yarn at &#****;***-*** (~$*.**-*.**) per kg.