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Rising crude oil price drives up cost of synthetic textile raw materials

Brent crude rose 15.2 per cent in a month to its current $64.12 a barrel for spot delivery

Rising crude oil price drives up cost of synthetic textile raw materials
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Dilip Kumar Jha Mumbai
Raw materials have become costlier by two to five per cent over the past month for synthetic textile manufactures, due to a sharp increase in crude oil prices.

Brent crude rose 15.2 per cent in a month to its current $64.12 a barrel for spot delivery. This followed developments in Saudi Arabia and a rise in US-North Korea geopolitical tension. Purified terephthalic acid (PTA) is a crude oil derivative and an input for polyester fibre. It was $692 a tonne on Tuesday, a rise of 4.5 per cent in November alone. MEG (mono-ethylene glycol) has become costlier by 2.8 per

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