Polyester: fabric stocks drop periodical demand anticipation revised

Price of polyester filament yarn has kept falling in the second half of 2019 when new capacity on upstream market is expected to start operation, and downstream players presented weaker confidence toward demand in the second half of year after stocks failed to slip much in Sep-Oct, which further caused the appearance of logic like operating slash on polyester and downstream market.

New units of upstream market are still anticipated to start operation but some are delayed, without changing the direction of capacity expansion. Besides, the anticipation toward end-user and polyester demand will be revised slightly.