India Raw Materials Prices Rise To Combat Chemical Fiber Yarns Industry

Two main reasons Raw material Pure terephthalic acid (PTA) and mono glycol (MEG) prices are rising again, so India. Chemical fiber yarns industry Profits shrink. According to industry reports, raw material prices have risen by 5 rupees / kg. Synthetic yarns, such as polyester textured yarn (PTY), can only rise by 2 rupees / kg. Therefore, the profits of yarn enterprises are affected.

Although PTA rose by 4.40 rupees / kg, the price of MEG rose by 2.50 rupees / kg, but according to Dhirubhai Shah, owner of Fairdeal filament enterprise in Su rat, the overall impact of raw material price increase is about 5 rupees / kg.

According to him, almost all PTA and MEG suppliers, such as Reliance, Mitsubishi Both IOC and raw materials increased the price of raw materials by nearly 5 rupees / kg. This is the second increase in the past two months.

In August, the price of PTA and MEG rose by 2 rupees / kg. The price has risen for second months. Cotton prices are falling, and the prices of chemical fiber yarns are rising again, so demand is affected. At present, the average price of PTY is 110-150 rupees / kg.

Only about 70000 tons of PTY synthetic yarn per month produced by the enterprise of soda, with an average turnover of about 9 billion rupees per month.

Raw material prices are rising, while synthetic yarn prices are coming from cotton Competition. On the one hand, the price of raw materials increased by 5 rupees / kg, on the other hand, the price of finished yarn increased by less than 2 rupees / kg. Synthetic yarn industry profits shrink.