German Hexamethylene Diisocyanate markets moved higher in March as tighter supply conditions, rising feedstock costs, and firm downstream demand strengthened seller leverage. Early in the month, higher raw material costs and planned maintenance activity reduced operating rates and tightened spot availability. Export inquiries from neighboring European markets increased competition for limited cargoes, while low inventory levels at key storage hubs reinforced bullish sentiment in the Hexamethylene Diisocyanate market. Demand across major sectors remained supportive, particularly from automotive coatings, electronics manufacturing, and construction applications such as sealants and protective coatings. Upstream cost pressure further supported the upward trend in Hexamethylene Diisocyanate prices. Looking ahead, the market is expected to remain firm in the near term, although volatility may persist due to maintenance schedules, feedstock movements, and shifting seasonal demand patterns.
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.
