At mid-January 2026, the US DAP market was being affected by sustained bearish sentiment due to weak buying interest and an increase in structural demand shift. Added to this was the ongoing downward trend caused by increasing use of precision Agriculture and Variable-Rate Application Technology, which is steadily reducing the amount used per acre. Furthermore, there are temporary shortages of NPKS Blends and the competitive pricing of these blends has led to many users substituting away from using DAP. Substitution has decreased demand in the market, although there is a small amount of support from Urban Turf Demand in certain regions of the Southeast and increased grain export programs. However, the combined effects of decreased efficiency and Blend Switching have left a firmly negative short-term outlook for DAP in the US market.
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.
