Reliance Industries Limited (RIL) has slashed the price of polyester spun fibre (PSF) by ₹7 per kg after reduction of prices of raw material like purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT. RIL is the largest manufacturer of PSF in India, so the market follows its prices. The prices are also influenced by fluctuation in China.
According to the market sources, RIL has reduced PSF price to ₹120 per kg. PSF is the raw material for polyester and polyester-cotton blended yarn which is economical for the textile industry. Last Friday, PTA price was reduced by ₹9.40 to ₹85.30 per kg. MEG came down by ₹1.70 to ₹55.10 per kg, while MELT was reduced by ₹8.66 per kg to ₹92.09 per kg.
Fibre2Fashion News Desk (KUL)
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