January for oxalic acid CFR Los Angeles moved higher as import activity and origin cost pressures supported landed offers. Chinese FOB quotes rose to cover coal-based power surcharges, lifting the starting point for CFR negotiations. Mid-month, U.S. buyers replenished coastal inventories ahead of the Lunar New Year shipping lull, boosting spot enquiries. Late-month relief in container rates provided partial cost relief but did not reverse the bullish tone, leaving the market directionally firmer into month-end. Demand drivers underpinned the upturn: wet-process and high-purity oxalic acid needs from semiconductor and technology users remained a key support, while metal-finishing and rare-earth leaching outlets stayed steady; pharmaceutical-intermediate demand was seasonally softer and offered limited offset. Distributors rebuilt working stocks after year-end destocking, sustaining upward pressure. Supply factors remained decisive for landed values of oxalic acid, as origin offers stayed elevated due to power-surcharge costs. The near-term outlook suggests modest gains early with intermittent softening later, subject to Lunar New Year logistics and restocking dynamics.
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.
