West Asia Conflict: Polyester Fibre Prices Rise by Rs 12 per Kg as Shipping Routes Disrupted

Strait of Hormuz Disruption Pushes Polyester Fibre Prices Up

The price of polyester fibre has risen by Rs. 12 (US $ 0.13) per kilogram following disruptions to global shipping caused by the ongoing conflict in West Asia and the closure of the Strait of Hormuz by Iran, according to the Southern India Mills Association (SIMA). Durai Palanisamy, Chairman of SIMA, stated that the Strait […] The post Strait of Hormuz Disruption Pushes Polyester Fibre Prices Up appeared first on Apparel Resources.

West Asia conflict: Polyester fibre prices rise by Rs 12 per kg as shipping routes disrupted

Coimbatore: The ongoing conflict in West Asia and the disruption of maritime traffic through the Strait of Hormuz have begun to impact India’s textile sector, with polyester fibre prices rising sharply in the past week.   According to industry representatives, the price of polyester fibre has increased by Rs 12 per kilogram, creating fresh concerns for textile manufacturers and exporters. The Strait of Hormuz is one of the world’s most crucial m…