US Paraffin Wax prices continued to soften through May and into early June 2026 as weaker downstream demand and increasing import competition weighed on overall market sentiment. Demand for Paraffin Wax across key sectors including candle manufacturing, packaging materials, coatings, and industrial processing remained moderate, with buyers maintaining conservative procurement strategies and avoiding large inventory commitments. At the same time, lower-priced Chinese imports intensified competitive pressure, forcing domestic suppliers to adjust Paraffin Wax offers to remain competitive in the market. Comfortable warehouse inventories across the U.S. further reduced the urgency for fresh purchasing activity, keeping supply conditions balanced. Weekly market assessments showed Paraffin Wax prices declining further into early June, confirming continued bearish momentum. Looking ahead, the Paraffin Wax market is expected to remain cautious in the near term as stable supply availability, steady import flows, and restrained downstream buying continue pressuring prices. Any recovery in Paraffin Wax pricing will largely depend on stronger seasonal demand growth or tighter import availability in the coming weeks.
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.
