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India's Reliance raises prices of PTA & MELT; MEG unchanged

01 Sep '23
1 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Reliance Industries Limited, India's largest participant in the polyester value chain, has adjusted its pricing strategy for the month of September.
  • The company increased the prices of PTA and MELT but left MEG prices unchanged.
  • The new pricing, influenced by trends in China and crude oil fluctuations, will be effective from the coming Saturday.

According to market sources, RIL has set the prices as PTA at &#****;**.** per kg (an increase of &#****;*.**), MEG at &#****;**.** per kg (unchanged), and MELT at &#****;**.** per kg (an increase of &#****;*.**). These new prices will take effect from the coming Saturday. 

RIL has kept PSF prices unchanged at &#****;*** per kg for the first fortnight of September ****

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