China’s nitrobenzene market is expected to weaken further in the second half of May 2026, driven by falling crude oil values, softer benzene feedstock costs, and reduced aniline operating rates. As crude benchmarks decline, benzene production economics are easing, lowering cost support for nitrobenzene and reinforcing bearish sentiment. Downstream aniline producers have trimmed run rates due to slow MDI and rubber chemical demand, reducing raw material pull and contributing to inventory accumulation after strong Q1 production. War related freight disruptions—especially delays linked to the Strait of Hormuz closure—have further distorted procurement cycles and dampened buying confidence. These factors collectively point to continued downside risk through late May.
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.
