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India's RIL hikes prices of PTA & MEG; MELT kept unchanged
25 Jul '22
1 min read
Pic: 123rf.com
Reliance Industries Limited (RIL) has increased the price of purified terephthalic acid (PTA) and monoethylene glycol (MEG) for this week. The company kept MELT prices unchanged. RIL is the largest manufacturer of PSF and its raw materials PTA, MEG and MELT in India, so the market follows its prices. The prices are also influenced by fluctuation in China.
According to the market sources, RIL has increased PTA price by ₹0.30 to ₹85.6 per kg. MEG was priced at ₹55.60 with hike of ₹0.50 per kg, while MELT was priced at previous level of ₹92.09 per kg. The company had revised prices on last Saturday for the week from July 23 to 29, 2022. It had earlier cut prices following the Chinese trend and weaker crude oil.
RIL had also decreased Polyester Spun Fibre (PSF) price by ₹7 to ₹120 per kg. The company revises PSF prices fortnightly.
Fibre2Fashion News Desk (KUL)
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