Glycol ether markets in the USA firmed in late June after a month that began near equilibrium, signaling a short-term rebalancing rather than a broad demand recovery. Early June trading was steady with neutral conditions, but a mid-month retracement gave way to uptick as prompts tightened in Houston and restocking followed a period of flat activity. Demand from end use sectors remained soft through June, with paints and coatings, industrial cleaners, inks and chemical intermediates reporting subdued procurement. Buyers shifted to need-based purchasing amid slower manufacturing activity, tempering broader order momentum even as spot offers firmed late in the month. Upstream dynamics restrained sustained upside, with softer feedstock indications easing production cost pressure and limiting producer ability to push larger increases. Producers operated at stable rates and inventories stayed ample to meet typical demand flows, moderating seller leverage. Glycol ether outlook suggests upside is contained, contingent on tighter prompt availability or renewed downstream activity, with downside risk if procurement weakens further.
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.
