Reliance Industries Limited (RIL), India’s leading entity in the polyester value chain, has announced a price reduction for purified terephthalic acid (PTA) and MELT for the upcoming week. However, the prices for monoethylene glycol (MEG) remain unchanged. Just last week, RIL had raised the prices for PTA and MELT, while MEG prices were kept steady. Earlier in the fortnight, prices were held at Rs. 102 per kg.