According to market sources, RIL has fixed the prices of PTA at ₹81.70 per kg (up ₹0.50), MEG at ₹57.10 per kg (unchanged), and MELT at ₹89.74 per kg (up ₹0.43). The pricing of polyester raw materials will come into effect from next Saturday.
Reliance, India’s largest player in the polyester value chain, has increased the prices of PTA and MELT, but has kept the rates of MEG unchanged. The company revised the prices upward for these two major upstream raw materials after two weeks. RIL reviews the price trends in China and fluctuations in crude oil to fix the prices of polyester raw materials.
At the beginning of this fortnight, the company had kept the price of polyester staple fibre (PSF) unchanged at ₹106 per kg.
RIL reviews price trends in China and fluctuations in crude oil to fix the prices of polyester raw materials. The Indian market follows the price trend of Reliance as it is the dominating player in the country.
Fibre2Fashion News Desk (KUL)