China’s LPG market is expected to strengthen into June 2026, with propane and butane forecast to rise around 5% as Middle East export disruptions persist and petrochemical demand improves. Ongoing force majeure related constraints at Juaymah, Al Jubail, and Ras Laffan, combined with Iranian export interruptions, are likely to keep June cargo availability tight. Elevated freight, insurance, and rerouting costs continue to support delivered prices, while PDH operators prepare to lift run rates as margins stabilize. Record US exports will help moderate tightness but are unlikely to fully offset Gulf constraints. May’s trend was marked by sharp volatility: butane surged in April. Strong petrochemical and residential demand, alongside high freight costs, sustained premiums despite fluctuating crude and shifting Gulf cargo flows. Overall, June sentiment remains cautiously bullish, with logistics and Middle East supply risks as key drivers.
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.
