Feedstock cost increase compels Indian spinners to revise synthetic yarn prices

Higher petrochemical valuations have prompted Indian synthetic textile manufacturers to raise their selling price across polyester yarn categories. With volatile international crude oil benchmarks, domestic producers revised prices by Rs 2 per kg for partially oriented yarn and polyester textured yarn across all deniers and lustres. These adjustments follow an acute cost-push originating from intermediate chemical feeds. Purified terephthalic acid values increased to Rs 86.4 per kg, alongside monoethylene glycol gaining to Rs 48.5 per kg, presenting immediate margin pressure to downstream fabric weavers.

While polyester staple fiber prices remained unchanged in the current fortnight, yarn spinners find themselves squeezed between rising upstream costs and cautious downstream procurement. Sustaining manufacturing margins has become critical as input inflation outpaces apparel off-take, noted a representative from a prominent domestic spinning mill. The sector faces dual headwinds from heightened input expenses and competitive import pressures, which restrict the wholesale pass-through of costs to apparel brands. Looking forward, market sentiment is projected to remain highly sensitive to upstream supply chain disruptions, with synthetic filament pricing expected to align strictly with global feedstock trends over the coming quarters.