The U.S. glycol ether market rebounded in early March after a weak February, with prices rising 6.16% amid improved spot buying and short-term supply tightening. Demand remained mixed, supported by coatings, cleaners, and electronics, while construction and automotive sectors stayed subdued. Stable Gulf Coast production and adequate inventories prevented a sustained rally, though rising natural gas and feedstock costs added pressure. Export activity continued to balance domestic supply. Adding to bullish sentiment, INEOS Oxide announced upcoming price increases, signaling cost pass-through trends. The market is expected to see near-term gains driven by seasonal demand and upstream volatility.
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.
