During the first half of June, Butyl Acetate prices in China rose slightly, supported by resilient export demand to countries like Türkiye, Egypt, and Indonesia, despite subdued domestic consumption. Regional feedstock and solvent supply tightened due to plant maintenance activities at Celanese’s Singapore unit and Petronas in Malaysia, providing psychological support to prices. Although production costs remained weak and domestic profitability was limited, balanced supply and controlled inventories kept the market stable. Domestic demand stayed soft amid economic uncertainty and seasonal slowdown, with most buyers procuring on a need-only basis. Meanwhile, Southeast Asia’s monsoon season is expected to further dampen demand in the weeks ahead.
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.
