China’s LNG market moved higher through April, driven by supply disruptions and inland pull even as industrial demand remained muted. Early-April tightening from Strait of Hormuz congestion and unplanned Qatar outages, along with momentum buying, underpinned gains, while late-April geopolitical pressure and freight tightness supported firmer delivered costs. Monthly assessments indicate a meaningful month-on-month lift in Ex-Shanghai valuations, signaling firmness. Ongoing pipeline expansion and steady power demand supported inland pull, while manufacturing activity in key coastal bases softened, tempering fresh industrial buying. Storage remains partly filled, and traders continued to reload cargoes, keeping liquidity and appetite for near-term exposure. Supply and upstream dynamics amplified the move, with spot quotes and freight pressure reinforcing higher import parity and supplier offers. The uptrend persisted into late April and into early May, suggesting momentum rather than a retreat. View is for range-bound to firm pricing, with inventories around mid-capacity likely to cap aggressive buying and buyers facing elevated delivered costs in the short-term.
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.
