May 2026 German C10 Solvent prices moved firmer as buyers faced tighter availability and higher upstream cost pressure. Early-month activity was robust for cover, while mid-month crude and naphtha dynamics pushed sellers to seek firmer FOB levels. Late-month logistical friction at ports, with growing purchaser willingness to secure cargoes, sustained a constructive negotiating tone. Market participants described a firm-to-bullish sentiment as supply-chain constraints and elevated feedstock risk underpinned spot discussions across regional hubs. Demand patterns remained supportive, with coatings and adhesives driving activity; automotive demand was steady but softer. Export inquiries from neighbouring markets helped absorb flows, and stronger order intake ahead of Q3 kept negotiations tilted toward sellers. Upstream cost dynamics and logistics shaped pricing, with refinery margins pressured by crude volatility and port bottlenecks delaying flows. Looking ahead, a modest pullback is anticipated, followed by gradual stabilization into autumn and a rebound, subject to geopolitical and logistical developments. Buyers and sellers remain cautious, prioritizing short-term coverage.
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.
