The Sulphur market in the United States shifted into a softer phase toward the end of July after spending most of the month under relatively balanced trading conditions. Sulphur market participants reported a slowdown in spot buying interest as purchasers became increasingly cautious, leading sellers to adjust offers to stimulate transactions. Although overall supply conditions remained stable and downstream consumption continued at routine levels, the easing of procurement activity at month-end weighed on market sentiment. Despite this late correction, the broader market continued to reflect healthy long-term fundamentals supported by steady industrial demand and uninterrupted supply.
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.
