India's RIL slashes prices of PTA, MELT & MEG

Indian market follows the price trends of Reliance as it is the dominating player in the country. According to market sources, RIL fixed PTA price at ₹78.50 per kg (-1.40), MEG at ₹52.20 per kg (-1.00) and MELT ₹85.26 per kg (-1.54). The new pricing of polyester raw materials will come into effect from this Saturday. 

In the beginning of the current fortnight, the company had cut prices of polyester staple fibre (PSF) by ₹3 per kg to ₹102 per kg. Declining prices of PSF and raw materials are causing a decrease in polyester and blended yarn prices in the domestic market. 

ALCHEMPro News Desk (KUL)