The melatonin market has observed stability and slight movements in the September that has made everyone curious in the industry. China is seeing a decline due to inventory surplus and changing consumer behaviour. The demand from downstream sectors like nutraceuticals and wellness is soft and consumers are shifting to clean label alternatives like valerian root and chamomile. ChemAnalyst after carefully assessing the market expects that the melatonin prices will likely rise gradually. The suppliers who can balance their production will not only avoid the financial pitfalls of overproduction but also benefit from the higher prices that come with higher demand. The melatonin stakeholders should also take note of seasonal holidays such as Golden Week in China, the Holiday Season in the U.S. and Diwali in India, when demand changes and impact price trends. By staying knowledgeable and engaged in the happenings of these events, they can effectively position themselves to realize benefits in the current environment of melatonin as well as strategically positioned in the pre-market anticipation.
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.
