The US DAP market witnessed cautious sentiment during February 2026 as weak agricultural demand coincided with rising geopolitical tensions stemming from the ongoing Iran–Israel conflict. Although domestic supply conditions remained stable and production continued without major disruptions, global fertilizer markets grew increasingly attentive to potential risks emerging from the Middle East. The region plays a critical role in supplying key feedstocks such as sulfur and energy resources that influence phosphate fertilizer production costs and trade flows. Market participants also monitored the possibility of logistical challenges in international shipping routes, which could affect fertilizer exports and imports if tensions escalate further. Despite steady feedstock availability in the US, subdued farm-sector purchasing and ample inventories kept market activity restrained. Looking ahead, fertilizer traders remain watchful of geopolitical developments, as prolonged instability could reshape global phosphate supply chains and influence fertilizer trade dynamics.
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.
