China's dimethyl carbonate market weakened through May as subdued spot appetite collided with ample domestic output. Early May showed neutral conditions and steady buying interest, but mid-month softness emerged as buyers pulled back and inventories built. By late May, sellers trimmed offers to move stock, extending a multi-week bearish pattern. Overall, the dimethyl carbonate market was characterized by falling bids and competitive selling as producers maintained high run-rates amid limited uplift in demand, leaving the near-term tone biased toward further downside unless demand improves. Spot market dynamics were the primary driver of the decline, with buyers shifting from steady early-month activity to muted enquiries in mid- and late May. Upstream methanol volatility influenced producer cost sensitivity and discounting. Domestic producers largely kept run-rates high, enlarging inventories and prompting supply-side discounting. Looking ahead, the market may soften further unless counteracted by firmer demand or a recovery in methanol costs. Key factors to watch include output levels, operating rates, and spot enquiry activity.
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.
