Brent crude has fallen nearly ** per cent from $***.**/barrel on May ** to $**.** on June **. West Texas Intermediate (WTI) dropped ** per cent from $***.** to $**.** over the same period. This sharp correction is now cascading through the entire petrochemical and synthetic fibre chain, offering meaningful cost relief to textile manufacturers across Asia, India, and Europe.
Naphtha has responded aggressively. Cost and Freight (CFR) Far East Asia prices collapsed from $*.***/kg on May * to $*.***/kg by June *, a cumulative **.* per cent decline in four weeks. CFR Southeast Asia fell **.* per cent and Cost, Insurance and Freight (CIF) Northwest Europe eased **.* per cent. The directional momentum remains downward, compressing production costs for benzene, ethylene, propylene, and paraxylene all critical synthetic fibre building blocks.
