The upstream of every synthetic fibre. Paraxylene, PTA and polyester staple all move behind it, with a lag.
84 US dollars per barrel ↓ 0.89%
Settled 2026-07-01
Against a week ago (2026-02-01): ↑ 20.64%
Against a month ago (2024-09-01): ↑ 14.61%
Against a quarter ago (2021-02-01): ↑ 34.27%
415 observations held, 1992-01-01 to 2026-07-01.
Where these figures come from
- Brent crude (monthly) — International Monetary Fund via FRED, POILBREUSDM, observed 2026-07-01. the day's published table
Read this first. These are settlement prices from the Zhengzhou Commodity Exchange — the Chinese domestic market, in yuan per tonne, for a dated futures contract. They are not Cotlook A, not a world price, and not what a trader paid for a bale this morning. They are carried because China spins more than anywhere else, so the direction is the market’s direction even where the level is not.