China’s LNG market shifted from a mid-June build to an early-July correction as higher cargo arrivals and lower LNG feedstock costs removed cost support for domestic sellers. Early tightening from maintenance and logistics bottlenecks, plus seasonal cooling demand, supported activity mid-month; by late June steady regional supply and softer spot buying eased the pressure. In early July, domestic price cuts and lower-priced Middle East cargoes reversed the prior strength, expanding spot availability and pressuring margins for sellers. Ex-Shanghai assessments stayed steady before weakening as spot indicators fell. Domestic LNG feedstock and pipeline gas costs declined, compressing liquefaction margins and triggering broad producer cuts. With improved Middle East supply and higher inventories, near-term prospects point to softer prices, though seasonal LNG demand may provide support.
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.
