The Pet Coke market accepted a cautiously firmer tone during the end of September to early October 2025 as regional gains in China and South Korea offset generally stable benchmarks in the US Gulf and Russia. Weaker crude oil prices, encouraged by OPEC+’s commitment to increase output and Kurdish exports returning to the market, had diminished cost pressure at the upstream level and provided a stable trading backdrop. Refiners in China strengthened Pet Coke prices ahead of Golden Week holiday based on firm port shipments and solid demand for sponge coke, extending a peaking 12-week bullish trend for the region. South Korea continued to add regional momentum, with sustained demand for graphite-anodes and a balanced production-to-import mix generating steady spot activity. As for the US and Russia, they remained steady amid stable trade flows and negligible disruptions. Overall, the Pet Coke complex is balancing regional bullishness with neutral floating price benchmarks. Post-holiday restocking and steady demand in downstream may result in the market staying firm-to-stable in the near term.
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.
