PTA gains fade as downstream buyers push back on higher costs

PTA’s late-April rally, driven by crude-linked feedstock costs, is losing steam as downstream polyester demand weakens.
Despite a 4–6 per cent regional rebound and strong YoY gains, buyers are resisting higher prices amid soft yarn realisations.
Duty relief in India has eased pressure, but the market remains in a cost-demand standoff, signalling a potential sideways to soft correction phase.