Toluene demand remained weak in downstream sectors like fuel blending and aromatics, as rising gasoline inventories signalled sluggish market pull. Despite increased production costs from higher naphtha prices, producers faced pressure from elevated inventories and subdued demand. U.S. refineries operated at high capacity, maintaining ample supply. Market sentiment turned bearish as supply outpaced demand, with slow momentum in benzene production further dampening outlook. Looking ahead, scheduled maintenance and hurricane season may disrupt supply in September–October, while November could see easing demand and restored supply balance. Overall, the Toluene market is expected to experience mixed trends in the coming months.
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.
