In October 2025, the Methyl N-Amyl Ketone (MAK) marketplace showed varied regional dynamics in the U.S. and India. The MAK marketplace in India was slack, as buying from downstream sector (coatings, fragrances and flavoring) was cautious, notwithstanding ample imports from the U.S. and South Korea. Market activity was sluggish due to slower seasonal demand and high broker inventories. While freight normalizations and stable feedstocks brought balance to the supply chain, it showed little upside. By contrast, the U.S. MAK marketplace remained firm with a consistent export business focused on Asia, Mexico, and Europe. Domestic producers operated at steady state with surplus logistical capabilities through Gulf ports while retaining reasonable inventories. There was feeding material volatility in some markets, however, adequate balance in supply and strong foreign inquiries brought better confidence. Overall, the marginally steady outlook for MAK during October in both areas of the globe, in some respects, continued an implied but formal halt in demand and better industrial confidence may manifest as early as early 2026.
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.
