Middle East conflict may hit India’s polyester, viscose supply chain
US-Israel-Iran conflict and Iran’s move to close the Strait of Hormuz threaten global oil trade and India’s textile value chain. Crude oil and freight costs are rising, prompting sharp hikes in polyester and viscose fibre prices. Indian PSF prices rose by ₹3.50 per kg, with further increases expected. Supply disruptions and higher raw material costs may strain synthetic yarn producers.
US-Israel-Iran conflict and Iran’s move to close the Strait of Hormuz threaten global oil trade and India’s textile value chain.
Crude oil and freight costs are rising, prompting sharp hikes in polyester and viscose fibre prices.
Indian PSF prices rose by ₹3.50 per kg, with further increases expected.
Supply disruptions and higher raw material costs may strain synthetic yarn producers.
