India's Reliance again cuts prices of PTA, MEG & MELT

According to the market sources, RIL fixed PTA price at ₹81.20 per kg (-0.50), MEG at ₹52.20 per kg (-0.70) and MELT ₹87.58 per kg (-0.67). New pricing of polyester raw materials came into effect on Saturday. 

Last week, the company had fixed PTA price at ₹81.70 per kg (-2.20), MEG at ₹52.90 per kg (-1.20) and MELT ₹88.25 per kg (-2.30). In the beginning of this month, RIL had cut the price of polyester stable fibre (PSF) by ₹2 per kg to ₹105 per kg. 

It reviews prices of PSF on fortnightly basis, while its upstream raw material prices on weekly basis. 

Fibre2Fashion News Desk (KUL)