Reliance Industries Limited (RIL) has decreased prices of polyester staple fibre (PSF) by Rs. 4 per kg recently. Earlier, it had increased the price of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT for this earlier. RIL is the largest manufacturer of PSF and raw material PTA, MEG and MELT in India, so the market follows its prices.
According to the market sources, RIL decreased the price of polyester spun fibre (PSF) by Rs. 4 per kg. PSF will be sold by the company at a price of Rs. 116 per kg recently. It had earlier fixed the price of PSF at Rs. 120 per kg. The company revises PSF prices fortnightly.
Earlier, RIL increased PTA price by Rs. 1.80 to Rs. 87.00 per kg. MEG was priced at Rs. 53.80 per kg with hike of Rs. 0.10 per kg, while MELT was priced at Rs. 93.11 per kg with increase of Rs. 1.58 per kg. The company had revised prices with effective from August 13, 2022.