Indian o-Nitro Toluene market extended a March rally, with a late-month upswing as traders and downstream buyers accepted firmer offers. Early March activity was subdued, but bullish momentum built through the month, supported by steady end-use orders from agrochemical and dye-intermediate chains and persistently light merchant stocks. Market participants noted a multi-week uptrend that encouraged mark-ups even where fresh fundamentals were modest. Smooth logistics and open port capacity removed potential drags, allowing the rally to persist into late March. Demand from agrochemical and dye-intermediate sectors remained the primary support for Ex-Works Vadodara shipments, with the March assessment moving higher versus the prior period. Agrochemical routine off-take and dye-intermediate run rates supported elevated turnover and inventory drawdown. Import-parity dynamics kept offers buoyant, with merchant inventories described as light and freight routes operating smoothly, easing downside risk. Looking ahead, analysts expect prices to stay firm into the coming week on tight merchant stocks, downstream pull, and import dependence, barring fresh bearish catalysts.
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.
