According to the market sources, RIL fixed PTA price at ₹85.60 (+0.50) per kg, MEG at ₹54.90 (+2.70) per kg and MELT ₹92.28 (₹1.35) per kg. New pricing of polyester raw materials will come into effect from tomorrow.
Reliance Industries Limited (RIL), India’s largest player in polyester value chain, has increased prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT. RIL reviews global market conditions, price trend in China and fluctuation in crude oil prices to determine prices of raw materials. It had earlier decreased PSF price by ₹3 per kg.
In the beginning of this month, the company had decreased price of polyester spun fibre (PSF) by ₹3 per kg to ₹113 per kg from the previous price of ₹116 per kg.
Fibre2Fashion News Desk (KUL)