In the US market, Pyridine prices saw a slight decline early in 2026 as production remained stable, but producers faced higher energy costs. Domestic inventories rose as exports were disrupted by a major winter storm, grounding flights, trucks, and rail movement and freezing parts of the Mississippi River, further disrupting shipments and driving up freight costs. Still, Pyridine demand remained weak across cosmetics, pharmaceuticals, and other segments. Hexafluoropropylene derivatives relatedly contributed 40% of revenue in cosmetics products, and active pharmaceutical ingredients (API) in pharmaceuticals. The consumption of agrochemicals, solvents, and chemical intermediates was also stabilized. In line with a seasonal upturn in demand for agrochemicals and coatings, buyers building strategic stockholdings, units being taken off-line for maintenance, and sustained feedstock costs, Pyridine prices are forecast to increase over the second half of Q1 2026. Overall, the steadily slacker supply and stable demand balance will result in strong upward movement of prices at the beginning of 2026.
Selenis has effectively manufactured recycled PET chips using terephthalic acid sourced from Circ®, a textile-to-textile recycler based in Virginia. The chip production took place through a series of batches at Selenis' pilot plant in San-Giorgio, Italy. By utilizing inputs recovered from polycotton textile waste, Selenis has created high-quality PET chip, which has been further processed into DTY yarn. This yarn will play a crucial role in product development as Circ prepares for additional capsule launches. Selenis is leveraging the success of this initial collaboration phase and is committed to advancing towards an offtake partnership to support Circ's inaugural industrial facility.
Eduardo Santos, Head of Corporate Strategy at Selenis, remarked that the monomer synthesis showed a performance comparable to virgin terephthalic acid. He expressed optimism about the consistent quality of Circ's monomer output and anticipated future commercial success. Santos pointed out that the Circ partnership complements Selenis's existing mission and goals for a more sustainable textile industry. He further stated their anticipation of expanding upon this collaboration and providing support for Circ's forthcoming commercial production trials.
