In March 2026, the Heavy Aromatic Naphtha Solvent market in India recorded a strong upward movement driven by tight supply conditions, logistics disruptions, and elevated import parity economics. Early-month maintenance at catalytic reformer units and reduced aromatics output from western refiners significantly restricted domestic availability. Weak import inflows from Singapore and South Korea further limited replenishment, intensifying supply tightness. At Kandla port, low inventories combined with rail-tank wagon shortages and container constraints disrupted inland distribution, reducing effective market liquidity across key consuming regions. On the demand side, steady procurement from paint and coatings manufacturers ahead of the construction season, sustained agrochemical buying for the kharif cycle, and stable pharmaceutical intermediate consumption supported firm offtake for Heavy Aromatic Naphtha Solvent. The escalation of the Israel–Iran war further strengthened upward pressure by disrupting Middle East crude and petrochemical trade flows through the Strait of Hormuz, increasing freight, insurance, and energy costs, and raising import parity levels.
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.
