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The sharp rise in London gas oil prices, reflected by an extreme RSI of 77, signals tighter energy costs. For the textile industry, this directly raises expenses for fuel-dependent processes like dyeing, finishing, and transportation. Higher energy prices could squeeze margins for manufacturers, potentially leading to increased output costs or upward pressure on textile product prices. While the market may see short-term volatility, prolonged energy strength could reshape supply chain dynamics, prompting mills to seek efficiency gains or alternative energy sources. Monitoring these levels is c
※ Opinion by KEFINE Insight