According to the market sources, RIL reduced PTA price by ₹1.20 to ₹85.80 per kg. MEG was priced at ₹52.30 per kg with cut of ₹1.50 per kg, while MELT was priced at ₹91.57 per kg with decrease of ₹1.54 per kg. The company earlier increased prices of these raw materials.
Reliance Industries Limited (RIL) has decreased prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT for this week. Earlier, the company increased prices of these raw material of polyester, but it reduced prices of polyester staple fibre (PSF). RIL is the largest manufacturer of PSF and raw material PTA, MEG and MELT in India.
Last week, the company decreased price of Polyester Spun Fibre (PSF) by ₹4 per kg. The price of PSF was reduced to ₹116 per kg from ₹120 per kg.
Fibre2Fashion News Desk (KUL)
