India Raw Material Prices Rose &Nbsp; Shrinkage Of Chemical Fiber Yarns Industry

Because of the two main raw materials

Although PTA rose 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 Surat, the overall impact of raw material price increase is about 5 rupees / kg.

Almost all PTA and MEG suppliers, such as Reliance, MITSUBISHI and IOC, have increased the price of raw materials, he said.

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, and synthetic yarn prices are facing competition from cotton.

On the one hand, the price of raw materials increased by 5 rupees / kg, on the other hand, the price of finished yarn