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

According to the market sources, RIL fixed prices as PTA &#****;**.** per kg (decrease &#****;*.**), MEG at &#****;**.** per kg (unchanged) and MELT &#****;**.** per kg (decreased &#****;*.**). The pricing of polyester raw materials will come into effect from coming Saturday. 

RIL has maintained the polyester staple fibre (PSF) prices at &#****;*** per kg for this week. Previously, it had elevated the prices twice by &#****;* per kg within the last fortnight. Market sources say that the lowering of PSF prices and its raw materials in China has also influenced the pricing in India.