The major participant in India’s polyester value chain, Reliance Industries Limited (RIL), has kept the price of polyester staple fibre (PSF) constant for the first two weeks of the current month. The price of partially oriented yarn (POY) has, however, been decreased by 1-2 cents per kg by the manufacturer.
In addition, RIL has lowered the cost of MELT and purified terephthalic acid (PTA) for the coming week while maintaining the same cost of MEG.
Market sources claim that RIL has maintained its PSF 1.4 denier pricing at 110 per kilogramme (plus GST). In the meantime, the price per kilogramme for PSF pieces with 1.2 denier and 1.0 denier has remained at 110.75 and 111.50, respectively. The business has lowered POY prices for fine deniers by $2 per kg. for coarse deniers across the lustres, and $1 per kilogramme. On May 1, 2023, these new prices went into effect.
To establish the prices of PSF and other related items, Reliance examines the price trend in China and the variations in crude oil prices. PTA’s price was previously set at 87.20 per kg (down 2.50), MEG’s price at 53.00 per kg (unchanged), and MELT’s price at 93.02 per kg (down 2.15). These costs for polyester’s basic components took effect on Saturday.
Reliance checks the costs of polyester’s raw materials on a weekly basis, but does so monthly for PSF and POY.
