Synthetic fibre industry in India is suffering because of rising crude prices.
Abhay Chhapia, CEO, Abhay Group, said that in past, this kind of price fluctuation hasn't troubled fibre manufacturers.
Synthetic fibre and yarns prices are expected to increase 10-15 percent due to recent rise in crude prices.
Standalone spinners and polyester chip based units had been affected by the difference between excise duty on raw materials and partially oriented yarn (POY).
Higher prices of POY and staple fibre resulted in lower purchase in recent months.
Industry experts participated in 'Fibre and Yarn Expo 2006' said that small players are showing interest in producing speciality fibres and yarns for fashion, home textiles and industrial end uses.
The polyester staple and filament internationally has gone up by 5-8 percent.
Polyester staple fibre is being quoted from $1.22 to $1.28 per kg.
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