The global Carbon Black market is showing signs of confusion as August ends. Specifically, the Asia-Pacific and Europe regions are under pressure from diminishing feedstock costs, logistical delays, and weak demand from the tyre sector. South Korea, China, and Malaysia are seeing weak industrial activity and cautious procurement despite ongoing investment in EV-friendly tyres. Although freight rates have worked their way down to make exports more competitive, there are still delays with port hiring and a state of congestion. Conversely, Europe and the U.S. are still in stable conditions due to balanced supply chains. Long-term opportunities, related to embracing sustainability and the growth of EVs have not changed. However, traders should remain cautious with downside still possible in the short term.
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.
