Mono Ethylene Glycol (MEG) markets in the USA shifted from an early-month uptrend to a mid-April pullback as downstream buyers tempered activity amid volatile weekly flows. In the opening period, tighter availability and elevated upstream costs supported firmer offers, while mid-month softness in spot demand and reluctance to build inventories prompted a corrective retreat. Overall sentiment remained cautious, with tight domestic supply and ongoing feedstock pressure underpinning a bullish backdrop for much of the month, yet volatility and selective buying produced a pronounced mid-month correction. Demand patterns were mixed, with core MEG users covering immediate needs rather than expanding stockpiles. Early-month support from steady downstream consumption and limited stock-building allowed sellers to lift offers, contributing to a monthly uptick, even as spot liquidity moderated. Recent weeks show sustained momentum amid supply tightness and rising feedstock costs for MEG. Planned regional maintenance and higher transport expenses added episodic upside pressure, while muted inventory builds suggest only measured gains ahead.
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.
