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RIL hikes polyester, fibre variants prices in August

E-Tex Staff - Mumbai

Reliance Industries (RIL) has raised the prices of polyester and fibre intermediates by over three cent for the month of August as compared to July. The company in a statement said that the price of Partially Oriented Yarn (POY) has been increased by 3.8 per cent as compared to July prices. The price of POY now stands at Rs 68.15 per kg as compared to Rs 65.65 for July. The price of Polyester Staple Fibre (PSF) has been raised for the month of August by 3.5 per cent (Rs 2 per kg). The price for the current month is Rs 58.75 per kg as compared to Rs 56.75 per kg for July. For polyethylene terepthalate (PET), the price has been increased by 3.9 per cent for August at Rs 53 per kg as compared to Rs 51 per kg for July.

In fibre intermediates, the prices of Purified Terephthalic Acid (PTA) and Monethylene Glycol (MEG) have been increased by three per cent and 3.9 per cent at Rs 34 per kg and Rs 40.2 per kg respectively. The company has also increased the price of Polyethylele (PE) and Polypropylene (PP) by two per cent and 2.3 per cent respectively. The price of PE have been revised to Rs 41 per kg from Rs 40.2 per kg while PP price have been increased to Rs 44.35 per kg from Rs 43.35 per kg. The price of Polyvinyl Chloride, however,

has been reduced by Rs 2 per kg for the month of August. The price now stands at Rs 38.5 per kg from Rs 40.5 per kg for the month of July.