The global phosphonate market in late September 2025 remained entrenched in a prolonged bearish balance, weighed down by steady feedstock inflows and stable operating costs across regions. In the United States, phosphonate values experienced a sharp week-on-week decline, marking the twelfth consecutive week of losses, as uninterrupted deliveries of yellow phosphorus, phosphorus trichloride, and other key intermediates swelled availability. India acted similarly, experiencing another sharp drop on the back of smooth raw material imports, high inventories, and muted municipal procurement, despite steady offtake from water boards and refineries. Similarly, Germany experienced a slight drop and continued its extended downtrend amid fully integrated production and unchanged EU trade conditions. China was the outlier with phosphonate levels remaining stable against its sideways pattern of previous weeks. Analysts caution that unless production rates are curbed, the continuing oversupply, and lack of cost pressure could even take phosphonate values softer in early October.
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.
