C9 solvent prices in India experienced a mixed trend throughout May, eventually ending the month on a firmer note following a late recovery supported by short-covering activity and stable logistics conditions. Early-month gains were driven by stronger crude oil prices and restricted supply conditions, which provided cost support across the value chain. As the month progressed, C9 solvent prices stabilized amid balanced supply-demand dynamics, while softer upstream costs and subdued trading activity limited stronger upward momentum. Downstream demand remained cautious, with buyers largely procuring on a need-based basis and sellers adjusting offers to facilitate inventory movement. Supply conditions for C9 solvent remained steady, supported by stable production, routine logistics operations, and comfortable inventory levels. Market activity stayed relatively muted through the middle of the month before selective replenishment buying improved sentiment toward month-end. Looking ahead, C9 solvent prices may face downward pressure as the approaching monsoon season is expected to weaken downstream demand, while easing geopolitical tensions could soften crude oil prices and reduce overall cost support.
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.
