Vinyl Chloride Monomer (VCM) prices in Asia remained unchanged in August 2025 owing to solid demand and well-balanced supply chains in India, wherein upstream costs and import flows remained unchanged. However, Japan saw a 6% price decline owing to over-supply and muted construction demand, whereas China's PVC marketplace started getting pinched with declining PMI and surplus inventories. Against the backdrop of conservative buying tendencies and excessive stocks in the region, market observers see vulnerability in September VCM prices and additional weakness in Q4 2025 on the backs of weak PVC demand and continued upstream pressure on EDC prices.
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.
