Indian market follows the price trend of Reliance as it is the dominating player in the country. According to market sources, RIL fixed PTA price at ₹79.90 per kg (-1.80), MEG at ₹53.20 per kg (+1.50) and MELT at ₹86.80 per kg (-1.04). New pricing of polyester raw materials will come into effect from Saturday.
The company had cut the price of polyester staple fibre (PSF) by ₹3 per kg to ₹102 per kg. The lower price is effective for the current fortnight that began on November 16.
ALCHEMPro News Desk (KUL)
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