Di Ammonium Phosphate (DAP) prices in the USA eased in late May, ending the month with a firmer underlying tone than at the start. Early May demand was pressured by a spring cooldown, while mid-May tightness in DAP availability briefly supported valuations. By late May, softer ammonia and sulfur costs alongside import arrivals relieved bottlenecks and cooled activity. May unfolded as two phases: a mid-month rally driven by constrained flows, followed by late-month easing as offers and freight dynamics normalized. Demand was mixed across sectors, with agriculture the primary driver of DAP consumption but softening toward month-end as farmers and distributors trimmed purchases after peak application, leaving higher on-farm inventories. Export channels supported sentiment mid-month amid tighter shipments to Latin America and India, while wholesalers retrenched on DAP replenishment. Upstream dynamics mattered: feedstock costs moved in a mixed pattern, lifting production costs mid-month before easing later. Imports and competitive offers improved landed availability, softening near-term upside. The outlook points to stability to modest firmness, contingent on planting activity and feedstock trends.
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.
