MEG Demand Growth in China Slows Amid Economic Downturn

Global demand for mono-ethylene glycol (MEG) in China, the largest MEG consumer, is expected to fall amid the tanking global economy. China’s average MEG demand growth had been forecast at 6.5%/year from 2007-15, before the global financial crisis. Chhoa: MEG sector facing pressure. “Until recently, industry observers remained bullish about the prospects for global MEG growth, propelled primarily by soaring demand in China. However, in light of the current uncertainty over the global economy, most are now revising their growth forecasts...

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