Glyoxal prices in China moved lower through August 2025, pressured by subdued demand and sufficient domestic availability. Although prices for feedstock crept up, producers managed to shield conversion margins by drawing from prior stockpiles, which prevented significant upward cost push. Ample inventory levels, combined with weak offtake from downstream users, created a sellers’ market where competition leaned more on securing volumes rather than raising prices. With no major supply disruptions and end-user hesitation prevailing, the overall market tone in August remained soft, prompting a downward trajectory in glyoxal pricing.
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.
