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India's RIL continues to hike PTA, MELT prices; MEG kept unchanged

RIL’s strategy for pricing polyester raw materials involves reviewing price trends in China and the fluctuation in price of crude oil. The Indian market typically follows the price trend set by Reliance due to its dominant position within the country.

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