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India's RIL keeps prices of PTA, MELT & MEG stable after steep rise

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

Insights

  • Reliance Industries Ltd in India has kept prices of key polyester raw materials unchanged.
  • RIL's pricing strategy follows trends in China and crude oil, and its dominant market position often influences pricing across India.
  • Earlier this fortnight, the company had also increased PSF prices.
  • The prices will be effective from the coming Saturday.

According to market sources, the company has retained the prices as PTA at &#****;**.** per kilogram, MEG at &#****;**.** per kilogram, and MELT at &#****;**.** per kilogram. These prices will take effect from the coming Saturday. 

Earlier this fortnight, the company had also raised PSF prices from &#****;*** to &#****;*** per kg, after increasing it by &#****;* per kg in the middle of last fortnight. 

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