Polyester chain proves resilient in 2019, despite overcapacity and weak upstream markets

The polyester chain has had a challenging year in 2019. It had to come to terms with overcapacity of varying degrees throughout the chain and had seen prices spiraling down on weakening upstream costs, while margins became squeezed. But it is not all gloom and doom. While it is clear that overcapacity is the single, most important trend in the polyester chain for the foreseeable future, do not underestimate how demand growth could actually alleviate part of this supply problem.