India Raw Material Prices Rose &Nbsp; Shrinkage Of Chemical Fiber Yarns Industry
Because of the two main raw materials
Pure terephthalic acid
(PTA) and single ethylene glycol (MEG) prices are rising again, so India
Chemical fiber yarn
Industry
Shrinking profits
。
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 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.
Gain
Close to 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, 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
Gain
Less than 2 rupees / kg.
Synthetic yarn industry profits shrink.
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