The paracetamol industry is seeing moderate price adjustments, supported by firm drug demand in the major markets of China and Germany, which are served by strengthening supply chains and increasing inventories. In China, as a trade leader, paracetamol demand is led by growing over the counter (OTC) pharmaceutical markets and export demand, while in Germany, demand is led by cyclical healthcare and industrial demand. Supply-side considerations such as steady Chinese production and managed German imports are dampening prices within the backdrop of external pressures from energy prices and trade policy. Prices for weekly postings slipped representative of a nervous market sentiment. Paracetamol prices have softened over the last quarter, September levels recording a monthly fall. Next quarter opportunities will be influenced potentially by emerging health trends and geopolitical tensions' attendant risks, with paracetamol's position in international pharmaceutical supply chains brought to the fore.
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.
