U.S. import prices of high-methoxyl pectin rose steadily in October, led by supply-side pressures and firm food, drink, and pharmaceutical industry end-demand. The steady increase, which started in September, reflects the recent rise in raw materials, higher movements in freight rates, exchange rate variations, and stronger consumption in food, beverage, and pharmaceutical industry markets. H.M. Pectin, mainly supplied from citrus peels and apple pomace, has suffered from new crop pressures, logistics problems, and long lead times, further enhancing import costs. While demand remains firm, meanwhile, from plant-based, jams and jellies, dairy desserts, and clean-label manufacturers of foods, suppliers are able to keep prices firm. Projections say the trend will persist through November and beyond, supported by holiday production seasonal H.M. pectin demand and short supply chains. Suppliers, importers, and procurement professionals should follow market trends, update supply plans, and anticipate possible boosts in near-term expenses.
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.
