China’s LNG prices softened in late May, with weekly assessments showing a modest decline after an early-month spike driven by regional supply shocks. Despite a positive month, trading cooled as inventories remained comfortable and procurements were deferred. Ex-Shanghai spot activity shifted from urgency-driven buying to selective, opportunistic transactions as participants reassessed near-term needs. The offtake and buyer segments diverged: early on, downstream demand and coastal logistics supported prompt cargo resales; by late May, downstream activity and cargo resales softened as buyers postponed decisions. Market data framed the swings as Asia imports remaining substantial, with flows tightening briefly before steadying. Upstream supply and logistics dynamics drove intra-month movement: initial Middle East LNG supply disruptions and reduced flows tightened near-term supply, later followed by steady imports into coastal terminals and domestic natural gas output meeting consumption. The near-term market outlook is range-bound and balanced, with potential restocking if offers ease further. LNG market participants will monitor regional supply disruptions and demand signals for guidance.
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.
