The US succinic acid market declined sharply during June 2026 as aggressive import competition, comfortable Gulf Coast inventories, and subdued downstream procurement pushed CFR Texas prices to their steepest monthly decline of the year. Regular import arrivals from Asia and Europe ensured abundant availability, allowing suppliers to lower landed offers in an increasingly competitive market. Demand weakened across biodegradable polymers and 1,4-butanediol (BDO)-based intermediates as buyers delayed replenishment and purchased only for immediate production needs. Although coatings, personal care, and specialty chemical applications maintained stable contractual consumption, they were unable to offset softer demand from packaging and bio-based plastics. Broader manufacturing conditions also remained mixed, with the USA manufacturing activities easing in June, while the U.S. Producer Price Index for industrial chemicals declined 0.8% month-on-month, reflecting easing cost pressures across chemical value chains. Looking ahead, July is expected to witness a modest recovery as buyers gradually replenish inventories, although abundant stocks and cautious procurement are likely to cap any significant price gains.
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.
