The Indian market takes cue from the prices of RIL. The company reviews global market conditions, price trend in China and fluctuation in crude oil prices to determine prices of polyester raw materials.
According to the market sources, RIL fixed PTA price at ₹86 per kg (-1.80), MEG at ₹55.70 per kg (-0.50) and MELT ₹92.90 per kg (-1.72). New pricing of polyester raw materials will come into effect from Saturday, October 15. RIL reviews prices of PSF every fortnight, and is expected to soon revise the prices for the coming fortnight.
ALCHEMPro News Desk (KUL)
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