US Raffinate prices are remained under pressure during July 2026, driven by lower feedstock costs, comfortable Gulf Coast availability, and subdued downstream purchasing. The June decline was mainly attributed to weaker consumption from synthetic-rubber and tyre manufacturers, while distributors continued relying on inventories accumulated during spring restocking. Lower naphtha costs further reduced mixed C4 extraction expenses, giving producers greater flexibility to maintain competitive offers. Adequate supply, normal vessel movements, and stable chemical plant utilisation also prevented any significant tightening across the market. Looking ahead, Raffinate prices are projected to increase in August after consecutive declines during June and July. Tighter inventory positions, improving purchasing activity, firmer gasoline-blending operations, and potentially stronger MTBE production could support the recovery. A rebound in tyre and synthetic-rubber manufacturing may provide additional support. However, ample supply and potential geopolitical disruptions around the Strait of Hormuz could influence the pace of the anticipated recovery.
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.
