India’s RIL cuts prices of PTA & MELT; MEG unchanged

According to market sources, RIL has set the prices of PTA at ₹81.20 per kg (a decrease of ₹0.50), MEG at ₹57.10 per kg (unchanged), and MELT at ₹89.04 per kg (a decrease of ₹0.43). The pricing of these polyester raw materials became effective last Saturday. The recent fall in crude oil prices has caused a drop in polyester raw material prices. 

RIL has decreased the prices of PTA and MELT for the current week, while keeping the rates of MEG unchanged. The price of PSF has also remained the same as the previous fortnight. The recent fall in crude oil prices has caused a drop in prices. RIL reviews price trends in China and fluctuations in crude oil to fix the prices of its polyester raw materials.

At the beginning of this fortnight, RIL maintained the price of PSF at ₹106 per kg. 

RIL determines the prices of its polyester raw materials by reviewing the price trends in China and fluctuations in crude oil. The Indian market usually follows RIL’s price trend as it is a dominant player in the country’s market. 

Fibre2Fashion News Desk (KUL)