The global markets of Magnesium Powder showed signs of stabilization in early July 2025 following a sharp price surge in June, that was driven by inventory shortages and heightened downstream demand. The increased consumption from animal nutrition, pharmaceuticals and nutraceuticals had intensified procurement activity. However, strategic supplier pricing have normalized the demand rhythms, and improved inventory management have brought balance to the market. The buyers are now cautiously restocking based on sector-specific needs, while suppliers are maintaining steady production cycles to support a more predictable and stable market environment.
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.
