Palm Kernel Oil prices in the U.S. shifted from an early-month uptrend to a late-April correction as import costs eased and additional edible-oil volumes entered the market. Early April saw tight prompt availability and a bullish tone in the Palm Kernel Oil market, supported by elevated freight costs and supply constraints. However, sentiment softened mid-month as a ceasefire and lower freight premiums reduced the earlier “war premium” by late April, rising canola-derived volumes and subdued downstream demand broadened edible-oil supply pools, pressuring Crude Palm Kernel Oil (CPKO) prices and shifting sentiment toward a bearish retracement. Despite this, demand from oleochemical and food sectors remained relatively firm, helping maintain tight prompt availability and keeping spot prices elevated even as weekly momentum weakened. On the supply side, easing freight costs and expanding competing edible-oil availability further weighed on Palm Kernel Oil pricing. Although Indonesia’s export levy structure may provide some upside risk, the absence of strong bullish catalysts and improved logistics suggest a near-term softening trend, with volatility likely to persist.
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.
