Palm Kernel Oil prices in the United States entered July 2026 with strong bullish momentum after recovering sharply during the final weeks of June. Earlier in June, Palm Kernel Oil faced downward pressure due to improved harvests in Southeast Asia, ample export availability, and weaker sentiment across the broader palm complex. However, tighter supplies at selected export hubs and aggressive restocking activity by U.S. Gulf Coast oleochemical producers supported a significant rebound in Palm Kernel Oil prices. Additional support came from domestic oilseed markets, where deteriorating corn and soybean crop conditions strengthened expectations for higher vegetable oil prices. Palm Kernel Oil also benefited from its cost advantage over coconut oil and reduced substitution options due to strong canola demand from the biofuel sector. Feedstock fluctuations, weather-related disruptions in Indonesia and Malaysia, and inventory rebuilding activities continued to influence market direction. Although global supply remains comfortable, Palm Kernel Oil sentiment has turned bullish, supported by tighter near-term availability and improving procurement activity.
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.
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