According to the market sources, RIL fixed PTA price at ₹81.20 per kg (-0.50), MEG at ₹52.20 per kg (-0.70) and MELT ₹87.58 per kg (-0.67). New pricing of polyester raw materials came into effect on Saturday. 

Reliance, India’s largest player in polyester value chain, has further decreased prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT, following the same trend as last week. It reviews global market, price trend in China and fluctuation in crude oil to determine the prices of polyester raw materials. The market follows these prices.

Last week, the company had fixed PTA price at ₹81.70 per kg (-2.20), MEG at ₹52.90 per kg (-1.20) and MELT ₹88.25 per kg (-2.30). In the beginning of this month, RIL had cut the price of polyester stable fibre (PSF) by ₹2 per kg to ₹105 per kg. 

It reviews prices of PSF on fortnightly basis, while its upstream raw material prices on weekly basis. 

Fibre2Fashion News Desk (KUL)