Asian toluene prices remained firm to steady this week, driven by tight supply due to the shutdowns of Chinese plants and issues with logistics, including port congestion. Against steady demand from the oil blending sector, tight availability and rising world crude prices—supported by tensions in the Middle East—still underwrote bullish sentiment. Major players like Sinopec were prioritizing domestic demand, further tightening merchant availability. Downstream sectors, such as paints and aviation, were hit by rising input prices. Going forward, toluene prices will remain firm, being at the mercy of crude oil movement and overall macroeconomic indications.
Toluene prices in the Asian market logged a significant stagnation this week of June due to tightening supply conditions and a strong undertone in international crude oil benchmarks. The steep jump in toluene prices was significantly impacted by curtailed availability from major production hubs, in...
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.
