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India's RIL cuts PSF price by ₹4/kg, but hike in PTA, MEG and MELT
16 Aug '22
1 min read
Pic: 123rf.com
Reliance Industries Limited (RIL) has decreased prices of polyester staple fibre (PSF) by ₹4 per kg from today. Earlier, it had increased the price of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT for this week. RIL is the largest manufacturer of PSF and raw material PTA, MEG and MELT in India, so the market follows its prices.
According to the market sources, RIL decreased the price of polyester spun fibre (PSF) by ₹4 per kg. PSF will be sold by the company at a price of ₹116 per kg. from today onwards. It had earlier fixed the price of PSF at ₹120 per kg. The company revises PSF prices fortnightly.
On last Friday, RIL increased PTA price by ₹1.80 to ₹87.00 per kg. MEG was priced at ₹53.80 per kg with hike of ₹0.10 per kg, while MELT was priced at ₹93.11 per kg with increase of ₹1.58 per kg. The company had revised prices with effective from August 13, 2022.
Fibre2Fashion News Desk (KUL)
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