Epoxy Resin prices in the United States moved higher in late May after a period of balance, as end-of-month rebalancing rekindled buying interest against a broadly steady supply backdrop. Early May activity was muted and range-bound, with mid-month trading remaining neutral. By the final week, sellers pushed prices higher in response to renewed demand from procurement teams and a technical upturn in momentum. The month was viewed as balanced overall, with steady operating rates and unchanged input costs helping to limit volatility, even as spot activity tightened late in May. Demand-side dynamics were mixed but supportive, with traditional end-use sectors such as automotive, construction, coatings and composites underpinning ongoing buying interest. Production conditions remained benign, margins steady, and there were no major outages affecting availability. Market participants expect near-term stability, driven by balanced supply–demand, unchanged input costs and steady procurement activity, while prices could improve in coming months due to geopolitical uncertainties, freight market strength, and volatility in upstream energy markets.
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.
