India’s February import market saw a sharp upswing in CIF values as stronger end use demand, rising feedstock costs, and currency movements combined to lift landed prices. Oilfield services accelerated pre monsoon procurement, while pharmaceutical exporters increased output of brominated intermediates, tightening spot availability. Suppliers raised offers to reflect higher liquid bromine and energy tariffs, with only limited relief from easing container freight as war risk insurance and bunker surcharges continued to elevate logistics costs. A 6% rise in brominated intermediate shipments reinforced buying interest, while a 1.6%-rupee depreciation pushed up dollar denominated import costs. Market participants reported brisk replenishment activity from distributors and formulators, keeping sentiment firm. ChemAnalyst projects continued near term strength for sodium bromide, with gains expected through May before mild mid year softening. Freight risks tied to Middle East tensions and precautionary buying by drilling and water treatment users remain key variables shaping the sodium bromide outlook.
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.
