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

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

RIL increased PSF prices again by &#****;* to &#****;*** per kg. This was a mid-fortnight revision after an increase of &#****;* per kg before the current fortnight. Traders have said that RIL revised PSF prices upwards to align with the earlier increase in PTA and MELT.