Polyethylene Terephthalate (PET) prices witnessed a divergent price trend across the key global market during the early half of October 2025. This is mainly due to the significant supply demand gap across the market, production costs and the potential trade shift.
PET prices across the key markets including Europe, Asian-Pacific and MEA experienced a declining trend during the period supported by the high supply, low production costs and the unsatisfactory demand conditions. Feedstock market experienced a notable decline across this market driven by the weak upstream crude oil prices, influencing the prices of its downstream value chains including PET. EIA reported a consecutive decline in crude oil prices during the early two weeks of October 2025. OPEC+ plan to rise production and the rising supply of crude oil from Iraq region, have added the negative pressure across global crude oil market. While PET prices across the US market improved during the period.
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.
