The Chinese aluminium wire market experienced a sharp downturn in July, driven by the simultaneous collapse of export and domestic demand channels. The export window effectively closed as the price spread advantage eroded, while State Grid's cargo pick-up remained sluggish, further squeezing order intake. Manufacturers slashed operating rates, and processing fees retreated from three-year highs amid a structurally oversupplied aluminium wire market. While the new energy sector demonstrated some resilience, it was insufficient to offset broader contraction. In June, aluminium wire exports had surged to record levels on concentrated order deliveries, but this proved temporary as contract cancellations emerged entering July. Looking ahead, the aluminium wire market outlook hinges on whether the September-October peak season can revive demand, with recovery dependent on State Grid tender acceleration and aluminium substitution trends in power transmission.
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.
