many analysis on the reasons for the elasticity of polyester demand

With the approaching of year end, the polyester production in 2019 gradually becomes clear.

The polyester production growth rate was at 11% in 2018 and is preliminarily estimated to be around 9% in 2019 (only preliminary assessment, and the actual situation is based on the final statistics). The growth rate declines, but the decrement is not big, especially in the context of apparently growing new capacity in 2019. Yearly polyester polymerization rate may even increase, higher than earlier anticipation and higher than the run rate of many other fibers.

There are many analysis on the reasons for the elasticity of polyester demand, and the actual influencing factors are various, including export and replacement etc. Among these, market tempo may be a crucial factor. Polyester output grew under high rate in the first half of 2018, but market players’ mindset was seriously impacted with volatile performance, and the polyester polymerization rate obviously dipped, especially in Sep-Oct, 2018.