Crude oil and Polyester fibre

Crude oil is a raw material for polyester fibre; their prices have moved together.

Crude oil (energy) and Polyester fibre (chemical): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Crude oil → Polyester fibre

Polyester fibre 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 · Moderate · Both ways

Oil sets the cost of naphtha and so of paraxylene, PTA and fibre. Brent moves with the fibre index at 0.14 monthly and 0.56 yearly, a loose tie as spinners' margins absorb short swings.

• 0.14 monthly change correlation
• 0.56 12-month change correlation
• 0.22 fitted elasticity

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