The US Sodium Nitrate Prices firmed into June as demand and higher landed costs tightened supply. May activity was broadly steady, but mid-month softness gave way to a rush of procurement ahead of planting and summer meat-processing runs, drawing down import parcels. Logistics pressure from freight and constrained export allocations compounded the squeeze, prompting sellers to re-price near-term offers. Market participants reported Sodium Nitrate demand from fertilizer blenders, explosives formulators and meat processors, creating urgency on cargoes and reinforcing the bullish tone. Demand for Sodium Nitrate was concentrated in sectors such as agriculture, fertilizer blending, meat processing, explosives and mining, with moderate support from industrial applications. The blending sector remained robust as buyers increased procurement ahead of the cycle; some industrial buyers limited transactions. Upstream and logistics factors amplified the response, with rising feedstock costs elevating production expenses and export volumes narrowing. The near-term outlook is mixed but tilted bullish, with modest upticks anticipated and gains possible into late summer, depending on freight and availability.
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.
