Reliance cuts polymer prices

Reliance Industries (RIL) today cut prices of polymer products.

The price of partially oriented yarn (POY) has been reduced by 9.1% to
Rs 64.07 per kg from Rs 70.51, industry sources said. The company also reduced the price of polyster stable fibre (PSF) by 3.4% to Rs 67.55 per kg from Rs 65.30.

Prices of purified terephthalic acid (PTA) and mono ethylene glycol (MEG) have been reduced to Rs 43.80 and Rs 44.70 per kg, respectively.

While the price of polyethylene (PE) has been brought down to Rs 55.42 per kg from Rs 59, polypropylene (PP) prices have been reduced by Rs 6 to Rs 57 per kg.

The company has also reduced the price of polyvinyl chloride (PVC) to Rs 38 per kg from Rs 46. However, the price of linear alkyl benzene (LAB) has been left unchanged at Rs 69.30 per kg.