The prices of Maize in Argentina have eased in the first half of October after a brief period of higher prices in late September. The price increase in September was a rapid consequence of policy moves and market reactions to that policy. Several Maize buyers had already replenished their inventories by October during the tax exempt. The increased inventory covers have reduced the procurement needs of the downstream sector in early October. The downstream sectors like the feed mills, livestock operations and biofuel producers have adjusted their purchase patterns in line with the sudden availability and subsequent normalization of shipments. ChemAnalyst anticipates that the prices of Maize will likely recover in export market of Argentina. The rise is expected as the replenished inventories are consumed which resumes the procurement. The buyers and sellers can navigate the current environment by running inventory-cover analyses to protect their profit margins. The forecast insights and diversification of sources of procurement should be adopted to avoid misalignment of procurement strategies.
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.
