The Indian o-Nitro Toluene market experienced an overall downward trend through late May 2026, as late-month selling pressure and market rebalancing overshadowed a brief, mid-month cost-driven rally. The month opened on a stable note, backed by steady consumption from domestic pharmaceutical and agrochemical intermediate manufacturers. However, a sharp rise in feedstock costs, specifically Sulphuric Acid CFR Kandla, temporarily inflated conversion costs and tightened import-parity economics, driving prices higher mid-month. Despite these cost fluctuations, domestic production remained highly sufficient with no major plant shutdowns reported, ensuring uninterrupted physical availability. This healthy supply ultimately led to a significant monthly correction. Future price movements will stay highly responsive to feedstock volatility and the balance of domestic supply.
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.
