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March 18, 2020 | Javier Rivera
What is Covid-19 virus adding?
In a previous promotion “What next for Polyester? What Is Changing in the Economy And Petrochemicals From 2019 Onwards?” we analysed the main dynamics and trends for the already complex polyester chain.
2020 year started with the unfortunate and unexpected Covid-19 outbreak. We analyse the impact so far on the polyester industry and what industry participants can expect in the coming months.
Depending on the local supply/demand balances, the dependency on and level of imports, domestic production availability and other factors, individual countries, regions and products could benefit in the short-term.
Lower global consumption and production of polyester has already brought consequences and new uncertainties, while other structural changes already underway are likely to be accelerated due to the effect of Covid-19.
The two main global trends observed in the polyester chain are:
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