Ethylene Vinyl Acetate (EVA) values in the US rose through April, as supply tightness and higher input costs encouraged sellers to lift offers. Early-month trading reflected tighter petrochemical feedstock logistics after the late-March Middle East disruption, while domestic producers kept operating rates steady rather than expanding output. Import volumes remained moderate, leaving the Gulf market undersupplied and directing incremental demand into available inventories. The result was an upward bias in offer levels and trading sentiment as logistics disruption and firmer upstream costs persisted. Demand for ethylene vinyl acetate patterns was mixed across downstream polymer users, shaping April’s action. Early in the month, global tightness funneled additional demand toward the U.S. Gulf, supporting offers, while mid-month signals suggested softer downstream activity, tempering some purchases. Domestic producers cover a substantial share of EVA demand, heightening import sensitivity. The near-term outlook remains tilted upward given constrained supply, elevated input costs, and limited incremental imports, with momentum vulnerable to any improvement in logistics or a surge of imports.
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.
