The US propylene glycol market entered early March with a cautiously firm tone after closing February with moderate price gains, as market participants began factoring upstream volatility associated with ongoing Middle East tensions. Throughout February 2026, prices showed measured fluctuations before finishing the month slightly higher, reflecting steady downstream demand and balanced supply conditions. Strategic pricing from suppliers and calculated inventory management by buyers helped maintain stability across trading cycles. As new production cycles began and some inventories carried forward from previous batches, procurement strategies were shaped by both seasonal anticipation and evolving consumption patterns. Demand from pharmaceutical and personal care manufacturers remained a key supporting factor, while industrial applications exhibited slower momentum. As March approached, the market atmosphere became more watchful, particularly as geopolitical developments in the Middle East created concerns over potential energy-linked feedstock volatility that could influence production economics for propylene glycol.
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.
