The global Raffinate market exhibited a sluggish environment through the month of October 2025 despite increased availability. Weak crude and LPG fundamentals anchored the cost support levels experienced across China, India, and the United States. Refinery runs were steady across the key hubs, however, the quiet downstream markets and hesitant trading mentality led to a period of minimum activity. In China, sufficient availability and flat demand for MTBE kept trade slow. In the U.S. market, steady inventories and decent refinery run also helped to keep the markets stable. Across each region, oversupply along with a lack of sufficient buying momentum defined market activity. Traders have predominantly focused on doing term deals as they awaited better feedstock cues. Overall, the month of October demonstrated a period of consolidation for the global Raffinate market. This stabilization amid increased availability, weak demand fundamentals, and a cautious trading mentality kept markets stable but subdued, and set a cautious tone into the end of Q4, 2025.
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.
