At the beginning of October, the tartaric acid market was steady with small price fluctuations as supply and demand were mostly in balance and customary procurement went on without any serious breakages. China’s supply, a largest supplier, were lightly hurt by inventories for the traditional annual Golden Week holiday, interrupting temporarily production and shipping, affecting supply at the start of the month. Mid-month marketplace pricing experienced steep rises fueled by increased costs of imports and increasing foreign demand, especially from buyers in Europe and Asia, as deliveries returned gradually after the Golden Week. During the last week of October, tartaric acid prices rose at a low rate due to consistent overseas demand and sporadic logistical issues, while total supply remained more than adequate to avoid wild swings. In the months ahead, U.S. tartaric acid prices are going to rise again in November on the heels of consistent demand and possible shipping delays by top exporters.
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.
