Phosphoric acid prices firmed into early April, supported by constrained upstream phosphate flows and sustained bullish momentum. Fertilizer demand remained the primary driver of strength, while industrial buyers maintained cautious, need-based procurement. Tight spot availability and limited seller participation kept liquidity subdued, reinforcing firm offers across key benchmarks. Elevated Gulf-origin pricing discussions further supported sentiment. Overall, market conditions remained constructive, with the outlook staying firm and potential upside-depth expected if logistical pressures and supply constraints continue.
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.
