Product realisations across polyester oriented yarn (POY), fully drawn yarn, drawn textured yarn (DTY) have improved from October 2020 while raw material prices have not risen in similar proportion. This has led product spreads to improve for Indian polyester yarn manufacturers. Filatex being a major player in the Indian polyester industry appears well placed to benefit from enhanced margin profile for products like polyester chips, POY/FDY, DTY. As per Crisil data, margins for POY that had fallen from ~ | 26/kg in March 2020 to ~| 12/kg in July 2020 have improved significantly and are...