>>
Home / Knowledge / News / Textiles / Polyester yarn prices likely to plunge further

Polyester yarn prices likely to plunge further

03
Dec '08
As the prices of crude oil plunged below US $50 mark, its effects are apparent in the downstream products like Polyester. The sector, in order to remain in competition, has decided to reduce the yarn prices by almost 20 percent.

Mr Devkishan Manghani, General Secretary of Federation of Surat Textile Traders Association (FOSTTA) told Fibre2fashion, “As cost of crude oil plummeted, price of polyester yarn also plunged. Till now there has been 5 to 10 percent reduction in polyester yarn and further 5 to 10 percent fall is expected by January 2009.”

As against a price of Rs120-130 kg, polyester yarn has gone down to Rs80-90 per kg and is expected to fall further. It is expected that the effect of fall in prices of yarn is likely to be seen in other products in the polyester value chain like grey cloth and fabric.

In total, textile manufacturers produce around 30 million meter polyester fabric per day. Experts anticipate, with decline in prices by 20 percent, impact will be gigantic.

“We will be facing losses on our finished good as new yarn is available at cheaper rate. Presently we have reduced our production by 20 percent. Already we are facing a slack period that will continue till mid January. That means we will be able to sell our products after January", says General Secretary, FOSTTA.

“Other than polyester yarn, we are producing fabrics from nylon and viscose yarn. However only 10 percent of these yarns are used in our fabrics and their prices of are not much affected, we can manage our profit margins in this category. Any ways, we are losing battle in front of polyester yarn prices”, concludes Mr Devkishan Manghani.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th May 2022

Vietnam needs to shift economic model to reach high-income status: WB

For Vietnam to realise its aspiration for reaching high income status ...

Pic: Shutterstock

Textiles | On 19th May 2022

IPEF to help enhance economic ties with Indo-Pacific nations: US

The Indo-Pacific Economic Framework (IPEF) proposed by the United...

Pic: Shutterstock

Textiles | On 19th May 2022

EU economy grows in Q1 2022, pace slightly slower than Q4 2021

The EU economy continued to grow in the first quarter of 2022, but at ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Sarah Bellos,

Sarah Bellos

Stony Creek Colors was started in 2012 to build a new future for natural...

Aseem Chitkara,

Aseem Chitkara

Zetwerk Manufacturing Businesses Pvt Ltd is the largest global...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Andre Walker, Label - Andre Walker

Andre Walker
Label - Andre Walker

Andre Walker is a New York-based renowned designer, creative director,...

William Lundgren, Label - Bite Studios

William Lundgren
Label - Bite Studios

BITE Studios is a Sweden-based luxury womenswear label with a mission to...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

SYNERGIES HONG KONG LIMITED
K AND D ITMACH EXPOSITIONS LLP
J ;& P Coats
T.T. Limited
Rosset ;& Cia Limited
Woolmark Services India Pvt. Ltd.
IIGM Private Limited
BIANCA
Tory Burch Hong Kong Ltd
THE BOMBAY DYEING ;& MFG.CO. LTD
Marzoli Machines Textile s.r.l.
Restoque S.A.
Copenhagen Fashion Summit
Target Corporation (MN)
Shima Seiki Mfg. Ltd.
Walmart
Xtema - Thomas Lebherz Textilmaschinen
Dow Silicones Corporation
Etam Group Strategy Hong Kong Limited
Gap International Sourcing Limited
VNU Exhibitions Asia
Lenzing Aktiengesellschaft - India
International Textile Manufacturers Federation
GIOVANNI BOZZETTO S.p.A.
Phong Phu international JSC (PPJ)
Calvin Klein
Mayer & Cie. GmbH & Co. KG
Grasim Industries Limited
Benetton Group
Landmark Group
Groz-Beckert KG
Eastman Chemical Company
Messe Frankfurt Exhibition GmbH
Decathlon
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Rieter India Private Limited
Recron Polyester from Reliance Industries Limited
Itema Weaving (India) Private Limited
IDH – The Sustainable Trade Initiative
The Top Form Brassiere Manufacturing Company Limited
OVS Hong Kong Sourcing Ltd.
ITMA Services Pte Ltd
Zünd Systemtechnik AG
G.A.S. unternehmenskommunikation gmbh
Gatsby Africa
Green Fibre
Aleph Srl
JES MEDIA, INC
Mesdan SPA
BTSR International S.P.A.
Karl Mayer Textilmaschinenfabrik GmbH
COTTON COUNCIL INTERNATIONAL
Jindal Worldwide Limited
Splash
Vardhman Textile Ltd
Haelixa AG
Tchibo GmbH
Savio Macchine Tessili S.P.A.
Inter Expo Center Ltd.
Stahl Holdings B.V.,
Truetzschler India Private Limited
Alix Partners
Lacoste (Wanchai)
N9 World Technologies Private Limited
Lifestyle
Kornit Digital Asia Pacific Ltd
EMBEE CORPORATION
EPCH
FULGAR SpA
Sateri (Jiujiang) Fiber Co.,Ltd
Huntsman (Singapore) Pte Ltd
Abit
Chico’ FAS
H. Stoll AG & Company KG
China World International Exhibition Company Limited
Helly Hansen Far East Ltd
Loris Bellini S.r.l.
Performance Days
USTER
NV Michel Van de Wiele
Jiangsu Yingyang Nonwoven Machinery Company Limited
Esprit Europe Services GmbH
DuPont de Nemours, Inc.,
Bluesign Technologies Ag
Pt. Peraga Nusantara Jaya Sakti
X-Rite Asia Pacific Limited (HK)
Taiwan Textile Federation (TTF)
DyStar India Pvt. Ltd
Italian Trade Commission
Midas Clothing Limited
Datatex Consulting Srl
Tommy Hilfiger
Amazon China
Sportswear Company Spa
Infor (Hong Kong) Limited
TESCO INTERNATIONAL SOURCING LIMITED
Thai Trade Center
KIABI
Sainsbury's Argos Asia Limited
Zydex Industries
Messe Duesseldorf
Puma
G-Star Raw C.V.
Brückner Trockentechnik GmbH & Co. KG
Gloria Jeans
BRINKMANN GMBH
Lululemon Athletica Inc
Saurer Textile Solutions Pvt. Ltd.
Thai Acrylic Fibre Company Limited
Thermore (Far East) Ltd.
Hirdaramani International Export Private Limited
BIMBA ;& LOLA SL
Applied DNA Sciences Inc
Lectra Technologies India Pvt Ltd.
Gokaldas Exports Limited
Guess Europe Sagl,
Shanghai  Aige Exhibition Service Co., Ltd
IFF Media Ag - International Media Services
Indofil Industries Limited - Specialty & Performance Chemicals Division
LC Waikiki
APLF Limited
Boardriders Asia Sourcing Limited
Tradewind International Servicing
Tuyap Tum Fuarcilik Yapim A.S.
MAS Active / MAS Kreeda / MAS Bodyline
Reiter India Private Limited
Equinox Impex India
International Sourcing Expo Australia
TÜYAP IHTISAS FUARLARI A.S.
BTC Textiles LLC
Cat Tuong Real Estate Group Joint Stock Company
Alison Hayes Romania
GHCL LIMITED
Under Armour Global Sourcing Ltd
FESPA (Reigate)
Lisa S.P.A.
TEXVALLEY MARKET LIMITED
Color Service s.r.l.
C;&A Sourcing International Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Chori Company Limited
The LYCRA Company Singapore  Pte. Ltd
Lottmann Communications
Indo Tex
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Brandix Lanka Limited
Sportmaster Ltd.
Page Industries Limited (Bangalore)
Datacolor AG Europe
EUROVET ASIA LTD
Maceton Limited
Palexpo SA
Eurofins BLC Leather Technology Centre Ltd
Istanbul Fuarcilik A.S.
Meera Dyestuff Industries
Arvind Limited
Officina Meccanica Dora Enrico Srl
Nandan Denim Limited
Kern – Liebers Textile
Comasia Limited
Centric Software
Bluestem Global Sourcing Limited
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Seasalt Limited
CGS Inc.
Colours India Inc
John Varvatos
The LYCRA Company Singapore  Pte. Ltd
Asos
GERBER TECHNOLOGY LTD.
Varner AS Retail
Flainox S.r.l.
H;&M Hennes ;& Mauritz (Far East) Ltd
Nihalani Events Management
Hela Clothing Pvt Ltd
Desigual - ABASIC, S.A.
Aquarelle Clothing Limited
PVH Corporation
Groz-Beckert East Asia LLP
KAS Direct Sourcing
Newtech Textile Technology Development (Shanghai) Company Limited
Aramark Uniform ;& Career Apparel, LLC
IKEA of Sweden AB
UBM China (Shanghai)
ZAITEX spa
Weitmann & Konrad GmbH & Co. KG
Vianney Textil Hogar S.A. De C.V.
SHAHI Exports Pvt Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Coats Digital Limited
Babyshop
CSGIA(China Screen Printing & Graphic Imaging Association)
TESTEX AG, Swiss Textile Testing Institute
Recron Polyester from Reliance Industries Limited
NITI Aayog
Rayonese Textile Inc., Division de Culp Inc.
Lenzing Aktiengesellschaft

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search