U.S. sulphuric acid markets closed March with a bullish tilt as seasonal fertilizer demand tightened supply channels. Early-month purchases by phosphate fertilizer producers and distributor restocking set the tone, while shipping frictions reinforced upside momentum. Steady sulfur feedstock flows and stable energy costs helped cap sulphuric acid production cost, with tank inventories ample to moderate extremes. Overall, conditions shifted from a largely steady start to a sustained rally by month-end, led by agriculture procurement and import timing in a tense shipping environment. Sulphuric acid demand from agriculture/phosphate fertilizer sectors supported DAP and MAP production and distributor replenishment ahead of spring application. The shift was evident in marked weekly gains through March, with sentiment lifting as inventories tightened and import risk rose. Supply dynamics were mixed: uninterrupted sulfur feedstock to Gulf Coast smelters and steady power and gas costs supported sulphuric acid productioncost, while mid-month logistics bottlenecks and a force majeure outage trimmed near-term 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.
