Acrylonitrile Butadiene Styrene (ABS) prices fell across both Asian and European markets in the week ending June 13, 2025, driven by ongoing oversupply and subdued demand that continued to weigh on market sentiment across both regions.
The Chinese ABS market had steady operating rates at about 64% through the first half of June, while week-on-week production remained flat at about 120,000 tons. In spite of thinning inventory digestion, polymerization plant inventory piles continued to be high, a sign of an ongoing...
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.
