The US formaldehyde prices drifted down in November 2025 amid bearish feedstock costs and stale demand. Methanol, the primary upstream feedstock, was on a continued declining trajectory as high levels of imports resulted in US port inventories reaching multi-year heights, contributing to cost relief for formaldehyde producers. Demand was still lackluster as many Federal Reserve Districts reported weak building activity and there was active year-end destocking by buyers in the sectors for resins and panels. Trade became somewhat more favorable due to the easing of US–China tariffs and purchasing sentiment was relatively steady despite some logistics difficulties, but long rail dwell times at major North American ports continued to significantly disrupt supply-chain efficiency. A macro factors such as fallings in consumer and business confidence and the Federal Reserve’s rate hike added to sentiment caution. ChemAnalysts report: If there is not a sign of meaningful recovery in downstream consumption in the coming days, prices of formaldehyde will continue to be under pressure going into December 2025.
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.
