Indian Viscose Filament Yarn (VFY) prices improved in July, supported by stronger domestic and overseas demand, slightly restrictive supply, and rising prices of other textile raw materials. Downstream demand strengthened as spinning mills increased coarser-count yarn production, raising raw yarn consumption. Overseas demand remained steady, while improved export competitiveness supported market sentiment and further strengthened VFY demand. Supply conditions remained supportive, with higher pulp and auxiliary chemical costs and limited availability of good-quality material pushing prices upward. Rising cotton prices, driven by tightening global supply, weather risks, and firm demand, further supported VFY pricing, while higher cotton procurement costs encouraged mills to quote premiums. Supply delays in North Indian textile hubs, particularly Panipat, temporarily affected material availability because of traffic restrictions. Looking ahead, easing supply and raw material costs, alongside seasonal preparation for winter clothing production, are expected to influence demand and price trends.
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.
