Crude palm kernel oil CIF values in U.S. firmed through March as availability tightened into confectionery runs. Early softness gave way to a sustained upswing as higher freight costs, war-risk surcharges, and export levies narrowed near-term supply. Mid-month front-loading by U.S. importers and resilient offtake from oleochemical and food processors drained spot availability, leaving markets sensitive to incremental freight or fiscal shifts. The market shifted from a defensive stance at the start to firmer footing by month end as buyers rushed to secure cargoes. Demand from oleochemicals and food processors supported the move. Imports constitute a dominant channel for palm kernel oil in U.S., creating a structural demand base that tightened prompt supply ahead of confectionery runs. Logistics costs and fiscal measures amplified the price response. Weekly activity showed bullish momentum, with spot levels advancing and inventories thinning. Outlook remains tilted to the upside in the near term, barring easing freight, export charges or a larger harvest in producing regions.
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.
