RIL sets the pricing for polyester raw materials based on price trends in China and fluctuations in crude oil prices. A recent drop in crude oil prices has prompted the petrochemical industry, and particularly RIL, to follow suit. The Indian market generally aligns with Reliance’s price trends due to its dominant position in the country. 

RIL, India’s dominant polyester chain entity, has reduced prices for purified terephthalic acid and MELT, while maintaining monoethylene glycol prices.
This move, influenced by crude oil price fluctuations and Chinese price trends, will be effective from the upcoming Saturday.
RIL has set PTA at ₹81.60/kg, MEG at ₹48.90/kg, and MELT at ₹86.80/kg.

According to market sources, RIL has set the prices as PTA at ₹81.60 per kg (a decrease of ₹0.50), MEG at ₹48.90 per kg (unchanged), and MELT at ₹86.80 per kg (a decrease of ₹0.43). These new pricing adjustments for polyester raw materials will take effect from this coming Saturday. 

At the beginning of this fortnight, RIL had kept the price of polyester staple fibre (PSF) steady at ₹102 per kg. 

Fibre2Fashion News Desk (KUL)