Spain's DNCB market rose markedly in March as origin-led repricing and seasonal buying tightened spot availability. Buyers stepped up inquiries ahead of the Q2 coatings and dye cycle, while mid-month production shifts in India and export offers from China reduced prompt availability. Late-month stock drawdowns supported restocking. The market shifted to a bullish stance as buyers accepted origin-driven price increases and sought to secure volumes for the spring-summer build-up. Demand from dyes and textiles remained the key driver, with coatings, dye production, and textile finishing fueling the Q2 push; Catalan dye producers entered spring build-up targeting the export window. Pharmaceutical intermediates remained flat, exerting limited downward pressure, while rubber and automotive formulators provided modest support. Upstream factors—rising chlorobenzene contract levels and electricity input costs in China—lifted export offers, and Indian producers redirected reactors to pharma intermediates, tightening March loadings. Analysts foresee continued gains in the near term with single-digit increases through spring and mid-summer pullback before a rebound into autumn.
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.
