DPGME market in March saw prices move sharply higher amid intertwined supply disruptions, higher feedstock costs and seasonal demand. Early-month trading tracked geopolitical risk, while closures around the Strait of Hormuz amplified crude, LNG and logistics costs, feeding into landed prices. Later in March, vessel rerouting, port congestion and container shortages constrained liquidity and prompted buyers to secure volumes, with producers prioritizing contractual shipments in a market. Demand from coatings and industrial cleaning reinforced the rally, sustaining a tight balance as spring construction activity stayed strong. Upstream dynamics and logistics were primary catalysts, with methanol and crude-linked margins supporting higher costs, and limited propylene oxide capacity further restraining throughput. Freight dislocations added to landed costs, and a force majeure at a refinery reduced availability. Looking ahead, the market faces continued upward pressure in April and May, before seasonal easing; forecasts anticipate gains in early months followed by moderation through the summer, amid ongoing tension, insurance and freight cost headwinds.
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.
