Epoxy resin markets in the US moved higher through early March after a prolonged sideways pattern, signaling a shift in buyer sentiment. February was relatively muted, characterized by steady interest and normal operating rates, but early March saw pockets of restocking and selective demand across automotive components, industrial coatings, and composites, underpinning price movements. Overall sentiment remains neutral-to-firmer as participants reassess inventories following the prior range-bound period. Epoxy resin demand appears steady in traditional end-uses with selective improvement among specific buyers, supporting the latest upturn without broad-based spikes. Supply conditions stayed steady, with routine production and no major outages, contributing to limited volatility. While the cost supports the feedstock, supporting the production economy. The liquid-grade and semi-solid epoxy markets were described as maintaining cautious but resilient pricing patterns, while the 12-week moving average hovered near prior levels.
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.
