The prices of Monosulfiram observed an uptrend in August after a decline in prices for two months as the demand from the domestic market revived. The inventory levels at the pharmaceutical sector pointed towards tightness due to increased seasonal end-user offtake. The feedstock was easily available in August that capped the market uptrend and supported Monosulfiram market stability. The Monosulfiram prices will maintain stability with nominal upward fluctuation over the upcoming period. The expected marginal increase is based on seasonal consumption patterns, inventory replenishment and absence of any disruptive public health developments.
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.
