The US Maleic anhydride market weakened throughout June as easing feedstock costs, comfortable supply conditions, and cautious downstream purchasing weighed on market sentiment. Lower Benzene and LPG costs reduced production expenses, allowing suppliers to offer more competitive quotations while maintaining stable operating rates. Improved shipping conditions and ample inventories further eased supply concerns, limiting the need for aggressive procurement. Demand from key downstream sectors, including unsaturated polyester resins, coatings, and industrial chemicals, remained subdued as buyers focused on meeting immediate production requirements rather than building inventories. Routine purchasing provided some support, but it was insufficient to offset the broader market weakness, resulting in softer trading conditions during the latter half of June. Looking ahead, analysts expect the Maleic anhydride market to remain under slight pressure during the first half of July. Continued softness in feedstock costs, balanced supply, and cautious downstream demand are likely to keep market sentiment weak unless unexpected supply disruptions or stronger restocking activity 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.
