The German Vitamin E market fell 2.6% in the first week of November due to oversupply and weak global demand. Asian suppliers, especially Chinese producers, kept their offers soft and tocopherol feedstock conditions stable with no significant change in production costs. European inventories are still high from previous restocking and importers are not buying aggressively, so the market is quiet. Logistics through Hamburg were smooth, and imports are steady despite low buyer interest. Downstream sectors like pharma, nutraceuticals and cosmetics are consuming normally but not enough to absorb the surplus. However, market is expected to pick up later in the upcoming weeks in November as importers start to stock up for winter. Balanced supply and disciplined selling should help to stabilize the market. Although conditions are soft, seasonal demand expected to support a small upturn in Vitamin E prices towards the end of the month.
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.
