More than ** per cent of the original war premium remains embedded inside the market. That means textile buyers across polyester yarn, nonwovens, acrylic knitwear, and technical textile segments are still paying elevated synthetic fibre costs despite the visible correction in upstream energy markets.
The March rally unfolded with extraordinary speed. Within just ** days, CFR Far East Asia naphtha jumped from $*.*** per kg to $*.*** per kg a gain of ** per cent. CFR Japan rose ** per cent during the same period, while CFR Southeast Asia climbed ** per cent. The trigger was clear: fears of prolonged disruption to Middle East energy flows and uncertainty around the Strait of Hormuz drove aggressive speculative and physical buying across petrochemical feedstocks.
