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RIL reduces prices for PTA & MELT; MEG prices remain steady

RIL sets the pricing for polyester raw materials based on price trends in China and fluctuations in crude oil prices. A recent drop in crude oil prices has prompted the petrochemical industry, and particularly RIL, to follow suit. The Indian market generally aligns with Reliance&#**;s price trends due to its dominant position in the country. 

According to market sources, RIL has set the prices as PTA at &#****;**.** per kg (a decrease of &#****;*.**), MEG at &#****;**.** per kg (unchanged), and MELT at &#****;**.** per kg (a decrease of &#****;*.**). These new pricing adjustments for polyester raw materials will take effect from this coming Saturday.