China’s unsaturated polyester resin (UPR) market rose sharply in March 2026, driven by higher feedstock costs, supply constraints, and improved downstream demand. Prices increased to USD 1,600/MT, up 21.2% from February. The surge was mainly due to rising maleic anhydride (MA) prices, supported by higher n-butane costs amid geopolitical tensions and supply disruptions. Energy market volatility and logistical challenges further increased production costs. While downstream sectors like construction and coatings showed gradual recovery, demand remained cautious with limited bulk buying. Despite weak real estate activity, short-term restocking supported prices. Analysts expect further gains of around 6.5% in April, though seasonal slowdowns may limit growth.
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.
