December 2025 brought modest increases in the sentiment of the Naphthalene market in the United States as balanced supply and demand were met with typical purchasing activity. Production capacity was adequate since refiners and processors continued to be active at their typical levels of operation, resulting in no major production issues. The logistics systems allowed for the continuous movement of product into the Gulf Coast region, resulting in a sufficient amount available to meet both contract and spot demand. Demand from downstream customers remained consistent but depressed, primarily due to its use in construction-type applications and plasticizers. In addition, consumption of dyes, resins and intermediates was variable, depending on market conditions. Most customers maintained conservative procurement policies and took advantage of their ample inventories. Consequently, overall market conditions remained stable with respect to established market equilibrium fundamentals and a steady short-term outlook through early 2026.
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.
