According to market sources, Reliance set prices as PTA at ₹89.70 per kg (an increase of ₹2.50), MEG at ₹53.20 per kg (unchanged), and MELT ₹95.23 per kg (an increase of ₹2.15). The new pricing for polyester raw materials will take effect from the coming Saturday. 

Reliance, India’s largest player in the polyester value chain, has increased the prices of PTA and MELT while keeping MEG prices unchanged.
Rising crude oil prices and supply constraints in China have driven up upstream raw materials for polyester.
Reliance reviews price trends in China and fluctuations in crude oil to set polyester raw material prices.

The price of polyester staple fibre (PSF) has been increased by ₹2 to ₹108 per kg for the current fortnight, as per the sources. 

A steep rise in crude oil prices and supply constraints in China have driven up upstream raw materials for polyester. Trade sources note that PTA-producing plants have slowed supply due to repair and maintenance. Costlier crude oil supports the diverse downstream value chain. 

Reliance reviews price trends in China and fluctuations in crude oil to determine polyester raw material prices. The Indian market follows Reliance’s price trend, as it is the dominant player in the country. 

Fibre2Fashion News Desk (KUL)