China’s lithium hexafluorophosphate prices strengthened notably throughout May 2026 as tightening spot availability and resilient battery-sector demand shifted the market from balanced conditions toward a more supply-constrained environment. While April established a firm foundation, market attention increasingly centered on May developments, particularly the reduction in prompt cargo availability as producers prioritized long-term contract commitments over spot sales. Lithium hexafluorophosphate demand from electric vehicle batteries, energy-storage systems, and electrolyte manufacturers remained robust, supporting sustained procurement activity despite higher prices. Rising hydrofluoric acid costs further reinforced the bullish tone by increasing production expenses for lithium hexafluorophosphate manufacturers. Although lithium carbonate availability remained relatively comfortable, it was insufficient to offset the impact of tighter inventories and stronger downstream buying. Market participants entered June with expectations that lithium hexafluorophosphate prices would remain elevated, supported by contract-first allocation strategies, healthy battery-sector consumption, and continued focus on securing prompt supply.
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.
