USA Copper Plate market traded in a tug-of-war between mid-month surplus signals and tight feedstock, with early-month buying underpinning values before mid-month flows of concentrate and scrap shifted bargaining power to sellers. Copper plate distributors and mill-run-rate buyers then helped secure spot tonnage toward month-end, while mill sellers leaned on abundant upstream feed, pressuring the market. Structural refining bottlenecks and visible exchange stock movements created a split picture: immediate Copper plate availability tightened in pockets even as broader supply softened, leaving prices directionless as February transitioned into March. Market dynamics reflected the strain: a sizable surplus of primary feed relative to demand, around forty-six percent, tempered upside, while higher conversion costs supported bids in tighter feed scenarios. COMEX inventory growth added downward bias to sentiment amid ongoing supply adjustments. The weekly assessments point to choppy trading in a high-teens range, with any sharper moves dependent on visible inventories, conversion capacity, and sector-wide demand responses.
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.
