In Asia, and specifically in China, Methyl Amine prices began to decline beginning in mid-September 2025, primarily as a result of reduced upstream costs and major destocking efforts. Prompted by good demand from both the chemical and pharmaceutical industries, converters and distributors began to adopt a more cautious approach to purchasing, significantly reducing their level of speculative buying and concentrating on managing active inventory. This was a mild instance of market pressure as feedstock costs exacerbated pricing behavior, while inventory level changes had a significant impact on Methyl Amine pricing behavior in the short run. Further, in India the Methyl Amine price experienced stability, in part due to the stable Methanol and Ammonia prices. In conjunction with this cautious perspective of the market, suppliers were busy on multiple fronts adjusting production and pricing to spur demand and manage inventory levels. This was further used to offset this cautious sentiment in the marketplace.
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.
