US Zinc Ingot markets moved through June with a clear shift from mid month stability to a softer late month finish as downstream demand weakened and import cost curves eased. Galvanizers and alloy producers cut procurement during the seasonal slowdown, pressuring spot activity, while tight concentrate supply and negative treatment charges continued to restrict smelter throughput and offered partial support. Mid month firmness gave way to a pronounced correction as geopolitical easing, lower freight costs and a stronger dollar weighed on sentiment. Despite these headwinds, mine side constraints helped prevent a deeper decline. Overall, the Zinc Ingot market reflected a tug of war between soft consumption and tight upstream availability, shaping a cautious but steady near term outlook for Zinc Ingot across the broader supply chain.
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.
