In August 2025, global phosphate fertilizer prices met with rising resistance from buyers. This month, the Mono-Ammonium Phosphate (MAP) market in China was down 2.63% though buyers remained careful as limited global supply reduced potential for a rapid price drop. Buyers cautiously balanced affordability against supply. This meant that buyers likely did not expect MAP prices to drop severely but had limited ability to assess buyers' intentions while prices eased. There was a narrow opportunity for price adjustment when scarcity continued to uphold values even while demand eased. Overall, the period continued to shift buyer sentiment and gradually ease 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.
