US Glycine prices continued to strengthen during the first half of June as higher export quotations from Asian suppliers increased import costs for US buyers. Rising ammonia feedstock costs in exporting countries lifted production expenses, prompting suppliers to maintain firmer offers. Stable demand from pharmaceutical, agrochemical, feed, and industrial sectors supported market activity, while buyers continued procurement to meet ongoing production requirements. The market’s upward momentum followed a strong performance in May, when higher feedstock costs, elevated freight expenses, and tighter logistics pushed landed costs higher. Agrochemical manufacturers increased purchases ahead of seasonal production, pharmaceutical companies maintained steady procurement, and distributors replenished inventories after earlier stock drawdowns. Although production remained stable with no major outages, higher manufacturing and transportation costs continued to support the market. Looking ahead, analysts expect Glycine prices to remain on a gradual upward trajectory through the second half of June. Continued downstream demand, firm feedstock costs, and stable logistics are expected to sustain positive market sentiment in the near term.
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.
