China propylene market dropped 3.5% in the week ending 7 November 2025, FOB Qingdao, the lowest since mid-2024. Weak feedstock crude oil down by 1% on the back of US inventories raising by 6.4 million barrels to 427.6 mb and cheaper naphtha knocked prices down, while bearish sentiment was supported by OPEC+’s expected December output hike. Even with a number of turnarounds planned in the propylene production at Fujian Zhongjiang, Sinochem Quanzhou, Sinopec Guangzhou/Zhongyuan/Zhenhai, Xintai, Shouguang Luqing, supply remained sufficient due to strong pre-holiday stocks, robust PDH rates and stable imports. Slight delays in port at Qingdao-Ningbo-Shanghai did not tighten up supplies. Downstream PP demand was still pitiful, converters ran at 70-75% utilisation, bought in a hand-to-mouth way, and packaging orders for Q4 were flat. China’s PMI further dipped into contraction, denting confidence. PET and flexible packaging also remained weak. ChemAnalyst sees softer prices for propylene into November with no crude rally or major unplanned outage.
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.
