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Crude oil volatility disrupts India's MMF yarn market, FDY prices up

Specialised polyester yarn prices rose by &#****;*–* per kg as buyers and traders turned bullish following significant crude oil price fluctuations. Polyester fibre and its downstream products typically become costlier when crude prices rise. Supply concerns due to the intensifying Iran-Israel conflict contributed to the rally in crude oil prices. According to market sources, India’s major virgin polyester fibre manufacturer postponed its scheduled fortnightly price revision last Monday and did not communicate any price rollover either. A trader from the Surat market told Fibre2Fashion, “FDY and other specialised yarn prices jumped as buyers turned bullish after the crude oil price hike. However, traders are now waiting for the latest PSF prices to assess the direction of the polyester spun yarn market.”

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.