India’s C9 Solvent market extended a rally from February to mid-March as restocking ahead of the monsoon aligned with tight prompt availability and higher upstream costs. Buying by decorative paints and formulators to buffer inventories, along with shipping disruptions and geopolitical issues, sustained a bullish tone. Demand across decorative paints, resins, adhesives and inks remained the main driver, with paints manufacturers and resin/formulator efforts securing aromatic diluents for cycles; packaging inks showed softer demand amid a subdued export outlook. February indicators signaled tightening, with spot offers rising sharply and supply pressures amplified by higher feedstock costs and tight natural gas. The market moved higher into March, with weekly assessments showing a double-digit rise before continuing gains. Looking ahead, upside risk is seen in the term, with a projected rise around 30% in March and about 10% in April, supported by pre-monsoon buying, logistics constraints, feedstock costs. Seasonal demand should keep activity supported, though milder movements by mid-year may occur if monsoon effects materialize.
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.
