The US oxalic acid market entered May 2026 with a firm undertone, as elevated freight costs, strong upstream costs, and tight import availability continued to influence procurement sentiment. Oxalic acid buyers remained focused on securing stable cargo flows after April’s bullish momentum tightened replacement economics across the market. Limited spot availability, lean inventories, and sustained import dependence reinforced the stronger tone for oxalic acid heading into May. Demand from electronics cleaning, semiconductor wafer processing, and pharmaceutical intermediates continued to support baseline oxalic acid consumption, while automotive-linked metal finishing demand remained comparatively moderate. Rising natural gas, ammonia, and nitric acid costs also continued supporting higher production economics, while elevated marine freight and inland trucking charges reinforced landed cost pressure. Market participants expect oxalic acid prices to remain firm in the near term as freight volatility, energy costs, and cautious inventory management continue shaping trade activity across the United States market.
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.
