The U.S. CRC (Cold rolled coil) market carried strong momentum into early June, supported by firm demand, tightening availability and disciplined mill operations. Early May strength, driven by robust automotive and white goods consumption, continued to support order books, while service centers remained cautious and drew down inventories. Upstream cost pressure and controlled production kept supply tight, reinforcing a bullish tone for CRC. Import relief was limited due to trade measures, contributing to extended lead times and steady spot firmness. Weekly trends through May showed consistent upward movement rather than volatility, reflecting sustained end user absorption. Looking ahead, the near term outlook for CRC remains constructive, though shifts in buying patterns or trade flows could influence momentum. Overall, market sentiment continues to favor a firmer trajectory for CRC.
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.
