# Crude oil and PET resin

Crude oil is a raw material for PET resin; their prices have moved together.

Source page: https://www.materialinsights.org/links/crude-oil-and-pet-resin/

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [PET resin](https://www.materialinsights.org/chemicals/pet/) (chemical): 2 relationships.

## How they are linked

### 1. Feedstock

*Physical flow · Direct · Crude oil → PET resin*

PET resin is made from crude oil: it is one of the raw materials its production routes start from.

### 2. Price link: feedstock cost

*Cost and price · Strong · Both ways*

Both PET monomers come from oil or gas, so crude sets the cost floor. Brent moves with the resin proxy at 0.24 monthly and 0.72 yearly. Recycled PET, which needs no oil feed, competes more when virgin resin is dear.

- **0.24** monthly change correlation
- **0.72** 12-month change correlation
- **0.18** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.