Related Keywords: Antidumpting duty, PTA, synthetic fabric
With the central government imposing anti-dumping duty last week on the import of purified teraphthalic acid (PTA), a raw material for the production of polyester chips which in turn are used to manufacture polyester filament yarn, polyester staple fibre and polyester film. The levy of anti-dumping duty will lead to increase in the prices of polyester yarn and subsequent rise in the prices of synthetic fabrics like saris and dress material. The prices of synthetic fabrics are set to increase by nearly 15 percent.
