Paraffin wax prices in the United States increased 3.11% during the week ending February 27, 2026, supported by stronger export prices from China, the country’s primary import source. Chinese producers raised offers due to higher crude-oil-linked production costs, as Brent crude rose in the second half of February amid escalating US–Iran tensions. Post-Spring Festival restocking across Chinese packaging, cosmetics, and industrial sectors further tightened export availability, reinforcing the upward price trend. In the U.S., buyers resumed regular procurement and rebuilt inventories, accepting higher-priced Chinese cargoes to ensure supply continuity, which improved overall trading activity. Looking ahead, continued geopolitical tensions and shipping disruptions, including longer transit routes and higher freight costs, may keep Paraffin wax prices firm, although economic uncertainty could temper demand from key downstream sectors such as packaging, candles, and specialty applications.
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.
