RIL reviews price trend in China and fluctuation in crude oil prices to fix prices of polyester raw materials. Indian market follows the price trend of Reliance as it is the dominating player in the country.
India’s had decreased PTA, MEG, and MELT prices, with PTA at ₹83.90/kg, MEG at ₹52.10/kg, and MELT at ₹89.87/kg from May 6.
RIL reviews China’s price trend and crude oil fluctuations to fix polyester raw material prices. Indian market follows RIL, as it dominates the sector.
Polyester staple fibre (PSF) prices for the current fortnight at ₹110/kg.
According to the market sources, RIL fixed prices as: PTA ₹83.90 per kg (decrease ₹3.30), MEG at ₹52.10 per kg (decrease ₹0.90) and MELT ₹89.87 per kg (decrease ₹2.84). The pricing of polyester raw materials will come into effect from May 6. RIL is reducing prices of PTA and MELT regularly to align domestic prices with global trend.
The company had rolled over prices of polyester staple fibre (PSF) at ₹110 per kg for the current fortnight.
Fibre2Fashion News Desk (KUL)