Record EG Demand Will Not Stave Off New Supply

Demand growth for ethylene glycol (EG), which reached record levels in 2007, will not be enough to counter the global supply surplus forecast to begin in late 2008, says PCI Xylenes & Polyester (Guildford, U.K.). Much of the growth is attributable to record demand in China, says Doug Rightler, consultant at PCI. “China had an unbelievable year, consuming 1.2 million tons more EG in 2007 than 2006,” PCI says. “That level of growth is larger than any world demand growth in a year, and [China] did it” by itself, Rightler says. Demand...

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