China's Styrene Market Steadies Amidst Industrial Growth and Economic Optimism
China's Styrene Market Steadies Amidst Industrial Growth and Economic Optimism

China's Styrene Market Steadies Amidst Industrial Growth and Economic Optimism

  • 25-Jun-2024 12:48 PM
  • Journalist: Stella Fernandes

The Styrene market in China has displayed resilience and stability in recent weeks, despite witnessing some fluctuations prior in this quarter. As of June 21, 2024, Styrene prices in China stood at USD 1,190 per metric ton on CFR-Shanghai basis, indicating a period of stability in the market.

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.

Related News

Clariant and Technip Energies Unveil Catalyst Breakthrough for Energy Efficient Styrene
  • 10-Apr-2025 7:00 PM
  • Journalist: Xiang Hong
North America Styrene Market Stable Despite Shutdowns at LyondellBasell
  • 03-Apr-2025 5:15 PM
  • Journalist: Peter Schmidt
Styrene Market in Netherlands Gets Affected by LyondellBasell and Covestro Plant
  • 25-Mar-2025 4:45 PM
  • Journalist: Emilia Jackson
US Styrene Market Slows in Early March as Market Sentiment Turns Cautious
  • 19-Mar-2025 11:00 PM
  • Journalist: Francis Stokes

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.