polyester production is anticipated to drop by 20% in the first quarter of 2020

The recovery of polyester operating rate is expected to be slow, as demand is still stagnant, workers are yet to return, and it is difficult to consume the inventory fast. The rate is estimated to recover to around 77-79% in Mar, and polyester production is anticipated to drop by 20% in the first quarter of 2020 from a quarter earlier.