In the last week of April 2026, U.S. PVC prices declined as demand weakened and buyers resisted high offers. Export prices fell for a third week, with customers reducing purchases and shifting to cheaper alternatives from other regions. Domestic demand remained soft, especially in construction and housing sectors, while higher financing costs further limited buying activity. Supply conditions stayed ample, with stable operating rates and sufficient inventories, adding downward pressure on prices. Although elevated crude oil prices supported production costs, demand-side weakness dominated market trends. Sellers offered discounts to boost sales, and short-term outlook remains bearish, though prices may stabilize if energy markets and demand improve.
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.
