There has been constant upswing in the imports of MEG in China. The stronger demand form downstream industry polyester has been one of the major factor for this rise. Imports hasi increased by more than 15 % in the year 2017. More than 90% of the MEG produced globally goes into the manufacture of polyester, which is largely used in the textile industry, as well as in the production of polyethylene terephthalic (PET) bottles.
Despite continued expansion in domestic MEG production, the country has remained heavily reliant on imports, which accounted for 58.9% of the total consumption in 2017. In 2016, imports’ share to total consumption at 59.7%.
The continuous rise in domestic demand from polyester industry has compelled for more production and imports. Now the many of the upcoming MEG units will be coal based. It will be using coal as raw material.
