In October 2025, Hexamethylene Diisocyanate (HDI) prices rose in Europe as demand from the polyurethane (PU) sector increased and supply availability remained tight in the market. Recovery in the furniture, automotive, and construction industries boosted HDI use, with more PU coatings and adhesives needed for eco-friendly products. Meanwhile, HDI production rates were low due to the limited availability of its precursor, Hexamethylene diamine (HMDA), which was affected by worker shortages and transport delays. At the same time, Europe’s exports were weak during the month, especially to the U.S. and China, though trade within the EU stayed steady. Supply chains faced pressure from high freight costs and material shortages, but regional trade showed resilience. HDI prices are likely to increase further in mid Q4 2025 amid an increase in stocking activities before peak winter. At the same time, supply rates will tighten, leading to higher freight costs. Hence, market players would raise quotations amid the limited availability of supplies and firm demand from the Polyurethane sector.
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.
