Home breadcru News breadcru Polyester breadcru India's RIL hikes prices of PTA & MEG; MELT kept unchanged

India's RIL hikes prices of PTA & MEG; MELT kept unchanged

25 Jul '22
1 min read
Pic: 123rf.com
Pic: 123rf.com

Reliance Industries Limited (RIL) has increased the price of purified terephthalic acid (PTA) and monoethylene glycol (MEG) for this week. The company kept MELT prices unchanged. RIL is the largest manufacturer of PSF and its raw materials PTA, MEG and MELT in India, so the market follows its prices. The prices are also influenced by fluctuation in China.

According to the market sources, RIL has increased PTA price by ₹0.30 to ₹85.6 per kg. MEG was priced at ₹55.60 with hike of ₹0.50 per kg, while MELT was priced at previous level of ₹92.09 per kg. The company had revised prices on last Saturday for the week from July 23 to 29, 2022. It had earlier cut prices following the Chinese trend and weaker crude oil.

RIL had also decreased Polyester Spun Fibre (PSF) price by ₹7 to ₹120 per kg. The company revises PSF prices fortnightly.

ALCHEMPro News Desk (KUL)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!