The aluminium ingot market strengthened through early April as firm industrial demand and geopolitical supply concerns supported a more bullish tone. Early March saw a sharp rise driven by worries over prompt availability, and although delayed cargoes later eased pressure, buyers approached April cautiously. Automotive, EV and general manufacturing sectors remained the strongest demand drivers, while steady import flows kept overall supply visible. Upstream pressures — including rising alumina costs, longer transit times and reduced output at key Gulf smelters — added to concerns over short term availability. Domestic stock signals and declining exchange inventories reinforced the sense of tightening supply. Market activity through March was volatile, with prices peaking mid month, easing as cargoes arrived, then firming again in early April. Looking ahead, analysts expect limited upside as ample supply and expanding domestic capacity weigh on sentiment, even as procurement patterns and shipping conditions continue to shape aluminium ingot pricing.
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.
