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

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India's RIL increases prices of MEG and MELT; PTA unchanged

18 Aug '23
1 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Reliance has raised the prices of MEG and MELT, while keeping PTA and PSF prices constant.
  • Last week's changes were reversed in MEG and MELT pricing.
  • RIL's pricing strategy includes reviewing trends in China and crude oil fluctuations.
  • The new prices, with PTA at ₹**,** per kg, MEG at ₹**,** per kg, and MELT at ₹**,** per kg, will be effective from Saturday.

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

RIL kept PSF prices unchanged at &#****;*** per kg for this week. Earlier, it had increased prices twice by &#****;* per kg within the last fortnight. 

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