Towards the end of the third quarter of 2025, Toluene Diisocyanate prices increased by almost 7% in the European market due to consistent demand and limited availability of market supplies. The production rates were affected by the stressed supplies of feedstock Toluene supplies to produce the material. It was due to the decline in crude oil inventories in the international market. There was a decline in US Crude Oil inventories during the month amid export issues in Iraq, Venezuela, and Russia. Meanwhile, supply rates were moderate within the region. At the same time, consistent activity in the automotive and construction sectors, to make the flexible polyurethane foams and insulation materials, kept the demand for Toluene Diisocyanate from the downstream Polyurethane industries. Further price increases are expected in the coming weeks of the final quarter as well due to stressed production rates and increased production costs ahead of colder months. Market players would raise their quotations to improve their profit margins amid restocking activity from the downstream industries.
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.
