India's RIL cuts PSF price by ₹4/kg, but hike in PTA, MEG and MELT

According to the market sources, RIL decreased the price of polyester spun fibre (PSF) by ₹4 per kg. PSF will be sold by the company at a price of ₹116 per kg. from today onwards. It had earlier fixed the price of PSF at ₹120 per kg. The company revises PSF prices fortnightly.

On last Friday, RIL increased PTA price by ₹1.80 to ₹87.00 per kg. MEG was priced at ₹53.80 per kg with hike of ₹0.10 per kg, while MELT was priced at ₹93.11 per kg with increase of ₹1.58 per kg. The company had revised prices with effective from August 13, 2022.

ALCHEMPro News Desk (KUL)