Reliance Industries Ltd (RIL), India’s largest player in polyester value chain, has decreased prices of purified terephthalic acid (PTA) and MELT. However, it has kept the price of monoethylene glycol (MEG) unchanged. Last week, the company had increased prices of PTA, MEG and MELT. RIL reviews price trend in China and fluctuation in crude oil to fix prices.Indian market follows the price trend of RIL.
Reliance Industries Ltd (RIL), India's largest player in polyester value chain, has decreased prices of purified terephthalic acid (PTA) and MELT. However, it has kept the price of monoethylene glycol (MEG) unchanged. Last week, the company had increased prices of PTA, MEG and MELT. RIL reviews price trend in China and fluctuation in crude oil to fix prices.
According to the market sources, RIL fixed PTA price at ₹77.70 per kg (-2.00), MEG at ₹55.90 per kg (unchanged) and MELT at ₹85.15 per kg (-1.72). New pricing of polyester raw materials will come into effect from January 7, 2023.
In the beginning of the current fortnight, the company had increased price of polyester stable fibre (PSF) by ₹4 per kg to ₹103 per kg.
ALCHEMPro News Desk (KUL)
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