Overall demand for polymer products remained flat due to lower demand in some of the key end products and uncertainty around global economic conditions. However, PVC in particular saw strong demand from the agriculture sector on the back of better than expected monsoon in the country.
During the period, production of fibre intermediates (PX, PTA and MEG) increased by 10% to 2.4 million tonnes primarily due to planned shutdown of one train in PX Jamnagar and PX plant at Patalganga during the corresponding period of the previous year. Polyester (PFY, PSF and PET) production volumes decreased by 3% to 825 thousand tonnes due to marginal changes in the product mix. RIL has maintained its focus on specialty products which accounted for 53% of PSF and 48% of PFY production.
Domestic demand for polyester products decreased by 2% during the half year on account of price volatility and also due to labour and power shortage in downstream industries. Although demand was subdued in the first quarter of this period it improved significantly in the second quarter due to seasonality.
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Reliance Industries Limited (RIL)
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