The US PVC market remained under significant downward pressure through June as ample inventories and competitive selling continued to weigh on market sentiment. Weak demand from the construction, PVC pipe, and automotive sectors limited purchasing activity, prompting suppliers to offer deeper discounts to stimulate sales. Stable ethylene dichloride (EDC) costs and uninterrupted production ensured sufficient product availability, preventing any tightening in supply. Weekly market activity reflected a sharp decline early in the month, followed by brief stabilization before another downturn in late June. Looking ahead, comfortable inventories, steady supply conditions, and cautious downstream procurement are expected to keep the US PVC market under bearish pressure in the near term.
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.
