In late August, copper plate market in China witnessed stability as prices remained unchanged on a weekly basis. China’s copper plate industry lifted operating rates MoM, fueled by robust new energy, power, and high-end electronics orders, while scrap-based mills cut output amid raw material shortages and policy uncertainty. Exports rose as smelters stockpile ahead of regulatory changes. Looking ahead, examining Q4 peak-season demand drivers, scrap-supply dynamics, and looming secondary-copper regulations could shed light on the next phase of copper plate markets
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.
