Indian market follows the price trends of RIL as it is a dominating player in the country. 

Reliance Industries Limited (RIL), India’s largest player in the polyester value chain, has further hiked the prices of purified terephthalic acid (PTA) and MELT, while Monoethylene glycol (MEG) was kept unchanged, like last week. The company reviews price trends in China and fluctuations in crude oil to fix the prices of polyester raw materials.

According to market sources, RIL fixed PTA price at ₹82.00 per kg (+1.30), MEG at ₹54.10 per kg (unchanged) and MELT at ₹88.91 per kg (+1.12). The new pricing of polyester raw materials will come into effect on Saturday. 

Last week, the company had increased the prices of polyester staple fibre (PSF) by ₹3 per kg to ₹105 per kg. 

Fibre2Fashion News Desk (KUL)