India’s Acetic Acid market entered a bearish phase from late June to early July. Sentiment weakened amid sluggish domestic demand, consistent vessel arrivals, and downward pressure from lower-cost Chinese imports. Downstream consumption slowed across Ethyl Acetate, Acetic Anhydride, and MCA sectors, with pharmaceuticals showing minimal recovery and monsoon conditions dampening demand for VAM-linked applications like coatings and packaging.
India’s Acetic Acid market saw a pronounced downturn in sentiment from late June into early July, driven by subdued domestic demand, seasonal monsoon-related slowdowns, and increased pressure from competitively priced Chinese imports.
Acetic Acid domestic consumption has been affected across multiple end-use sectors. Downstream...
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.
