Epoxy Resin markets extended a firmer tone through March, as supply remained tight and upstream costs rose, prompting buyers to cover ahead of potential squeezes. Demand from coatings, composites and construction stayed the backbone of strength, with intake steady to improving and spot liquidity constrained. Mid-month commentary signalled constrained availability, and late-month volatility, partly due to disruptions in Middle Eastern trade routes, kept some sellers from issuing formal quotations, sustaining brisk negotiation and an upward bias in the US market. Tighter supply was paired with higher feedstock costs for Bisphenol A and epichlorohydrin, which eroded producer margins and reduced incentive to discount. Freight and insurance outlays rose in tandem with crude benchmarks, further impacting supply economics. Inventory drawdowns and cautious supplier behavior tightened near-term availability, reinforcing price pass-through to finished Epoxy Resin. Looking ahead, the near-term outlook for Epoxy Resin remains firm but range-bound, with continued attention to feedstock trajectories, crude dynamics, and shipping disruptions that could shape momentum in coatings, composites and construction sectors.
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.
