Related Keywords: crude oil price, Indian yarn makers, MEG, polyester raw material, PTA, Reliance Industries Limited, rise in raw material price, South Gujarat Textile Processors Association, synthetic yarn, yarn price
The two key raw materials Purified terephthalic acid (PTA) and mono-ethylene glycol (MEG) used in making synthetic yarn although have remained low globally but in India the same have risen by Rs 10-15 per kg in recent past and have remained at high levels putting Indian yarn makers' margins under pressure.
