The US ethylene oxide prices remained under pressure through mid-June 2026 as declining feedstock costs and comfortable inventories outweighed support from downstream MEG and PET packaging demand. While May established a stronger pricing environment, market attention shifted toward June as falling ethylene values reduced production costs and encouraged a softer pricing approach. Ethylene oxide demand from monoethylene glycol producers and packaging applications remained relatively healthy, helping prevent a steeper correction, but weaker export inquiries and cautious industrial procurement limited upside opportunities. Stable operating rates across Gulf Coast facilities ensured adequate product availability, while logistics conditions remained smooth. Comfortable inventory levels and reduced feedstock costs continued to weigh on sentiment, encouraging sellers to prioritize volume retention over aggressive pricing. Although downstream consumption remains supportive, current market fundamentals point to a softer near-term outlook. Ethylene oxide prices are expected to remain under pressure through the remainder of June unless export demand strengthens or unexpected supply disruptions emerge.
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.
