Polyol markets eased in early July following a firm and range-bound June, as balanced availability and steady downstream demand restrained volatility. Routine procurement and stable logistics kept market activity steady through June, while mid-month conditions remained orderly with supportive inventory levels. A short-term easing phase emerged in early July as sellers adjusted positions and spot inquiries softened, marking a shift from a stable plateau to a corrective phase driven by weekly flows rather than any significant supply disruption. Demand within the polyurethane value chain remained steady, supporting ongoing activity for common polyol grades used in slabstock and molded foam applications. Upstream signals were mixed but leaned toward stability, with feedstock costs remaining broadly steady and margins under close observation. A force majeure at a major producer’s Texas facility created limited and short-lived disruptions to nearby flows but did not alter the broader market direction. Looking ahead, the Polyol outlook points toward relative stability with an underlying bullish medium-term bias, subject to logistics continuity and feedstock cost movements.
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.
