Crude Palm Oil prices in CFR Houston eased in late April, slipping about 0.15% WoW as a technical correction and shifting demand dynamics weighed on the market. Earlier in the month, a firmer tone emerged on Q1 tightness in Southeast Asia and freight surcharges after geopolitical flare-ups, but gains were pared by a mid-month supply rally from Malaysia and soft spot buying on the US East Coast. The month posted a WoW gain, yet the late-April retreat underscored a balance between seasonal output and lingering upside risks from freight and benchmark valuations. Demand was mixed across segments: US edible-oil spot markets softened as East Coast buying cooled and Malaysian parcels remained unsold. In contrast, renewables demand remained resilient, with renewable diesel and biodiesel formulators benefiting from improved economics and widening soybean-oil premiums that boost palm's competitiveness as a feedstock. Looking ahead, the market is expected to range, with Malaysian supply capping downside while valuations and shipping risks offer intermittent support.
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.
