Ethyl acetate traded in the U.S. market after a month of mixed momentum, ending May with softer activity despite earlier gains. Early May showed limited movement as mid-month cost-driven strength gave way to late-month pullback. Market participants cited higher feedstock and replacement costs for imported cargoes as key drivers, while domestic production largely kept supplies balanced. The result was a volatile profile with a late softening, even as demand remained broadly supportive and prevented a deeper downturn. May assessments for Ethyl Acetate prices ended higher versus April, reflecting firmer mid-month conditions, according to ChemAnalyst. Regional indicators showed pockets of strength mid-month, while prompt-buyers exposed to import cargoes faced tighter conditions as costs rose. Upstream acetic acid costs climbed, squeezing margins and encouraging sellers to lift offers. The week-by-week action showed a clear swing: steady start, a mid-month rally, then retreat. Looking ahead, the near-term outlook remains firm on feedstock pressure and limited demand pullbacks, barring any easing in acetic acid costs or import availability.
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.
