During the quarter, global cotton prices firmed up anticipating a lower acreage and harvest in the 2015-16 planting season, benefiting polyester substitution.
Sales at the second biggest segment after refining, petrochemicals dropped 17.9 per cent year on year at India's biggest private sector company #
However, Reliance also added that polyester price rise slowed on account of cautious Chinese markets, stemming margin expansion, but integrated producers benefitted from chain economics. (AR)
ALCHEMPro News Desk - India
marketing@alchempro.com
