The US paraxylene market recovered during early July 2026 as short-covering activity and selective spot replenishment reversed the weaker sentiment seen throughout June. Downstream demand from PTA, polyester, and PET resin producers remained generally subdued, with buyers continuing to purchase only according to immediate production needs. However, improved trading activity and tactical inventory replenishment supported a modest rebound in prices despite a comfortable domestic supply. Lower naphtha costs continued to reduce production expenses, limiting stronger price gains, while ample inventories prevented any significant tightening in availability. The market shifted from a bearish June to a more balanced early-July environment, supported by improved spot buying rather than stronger end-user consumption. Looking ahead, paraxylene prices are expected to remain broadly stable as comfortable supply and weaker downstream margins offset intermittent trader buying, with feedstock costs and inventory movements remaining the key market drivers.
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.
