Mumbai, March 3: Reliance Industries has increased the prices of polymers, polyesters and fibre intermediates in the range of 2 per cent to 24 per cent for March following a rise in international crude prices.
In some cases, the hike works out to 50 per cent since the beginning of the calendar year. “Firm crude oil prices apart, demand for our products continues to be robust,” sources said.
The largest increase was seen in fibre intermediates with the price of purified terephthalic acid (PTA) being raised by 24 per cent to Rs 46.50 per kg from Rs 37.50 per kg. The price of monoethylene glycol was also raised to Rs 46.60 from Rs 39.50, an increase of 18 per cent.
The price of polyester staple fibre has shot up 21.9 per cent (Rs 12.75) at Rs 71 per kg. Prices of polyethelene therapthelate and partially-oriented yarn have gone up by 15.4 per cent (Rs 9) at Rs 67.5 per kg and 9.3 per cent (Rs 6.59) at Rs 77.75 per kg respectively. In chemicals, the price of linear alkylbenzene has been retained at Rs 51.40 per kg. Price of polyvinyl chloride (PVC) did not see any change at Rs 43.10 per kg for the month.