Crude palm oil markets in the USA traded with modest firming through late February into early March, supported by balanced supply–demand dynamics and stable logistics. The early March period extended the bullish tone across Houston CFR, with few disruptions in supply chains and broadly stable input costs. End-use channels, notably food, oleochemicals and biodiesel, maintained typical seasonal demand patterns, allowing allocations to stay steady rather than expand aggressively. The market tightened enough to lift bids in early March while demand remained steady but varied by end use, with oleochemical and biodiesel buyers seeking coverage. On the supply side, upstream inputs and logistics remained orderly, enabling refiners to pass through tighter margins without sharp swings. Inventories stayed comfortable and plant outages were minimal, supporting a measured uptick. Looking ahead, the tone remains cautiously constructive, with limited headwinds and stable inputs, suggesting a narrow upward path unless energy costs or exports shift materially.
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.
