Home breadcru News breadcru Raw Material Prices breadcru  | India's RIL further increases prices of PTA and MELT; MEG unchanged

Prime Content | 
India's RIL further increases prices of PTA and MELT; MEG unchanged

07 Apr '23
1 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Reliance, India's largest player in the polyester value chain, has increased the prices of PTA and MELT while keeping MEG prices unchanged.
  • Rising crude oil prices and supply constraints in China have driven up upstream raw materials for polyester.
  • Reliance reviews price trends in China and fluctuations in crude oil to set polyester raw material prices.

According to market sources, Reliance set prices as PTA at &#****;**.** per kg (an increase of &#****;*.**), MEG at &#****;**.** per kg (unchanged), and MELT &#****;**.** per kg (an increase of &#****;*.**). The new pricing for polyester raw materials will take effect from the coming Saturday. 

The price of polyester staple fibre (PSF) has been increased by &#****;* to &#****;*** per kg for the current fortnight, as per the sources. 

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