PSF markets in the United States showed a late-April uptick after a demand backdrop, with a brief rebound in spot activity contrasting with softer consumer and textile demand. Early April saw price levels stabilize amid volatile crude movements, while mid-month feedstock relief and softened export offer cooled sentiment. By late April, inquiries for PSF from textile and consumer chains kept purchasing focused on immediate needs, but a short-lived inventory rebalancing supported a price uptick in the assessment. As May opens, the market remains cautious, balancing feedstock relief against dampened demand for PSF. Downstream demand remains the defining constraint, with the textile sector weak and consumer-related applications soft. Feedstock dynamics—stabilized MEG and PTA—softened upstream cost support and export offers, moderating price pressure. Upstream crude volatility initially provided cost support, but easing later reduced that help. The near-term PSF outlook carries a slight downward bias, with range-bound moves likely as supply arrivals and import flows evolve, warranting close monitoring by traders.
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.
