In early September 2025, the global Naphthalene market demonstrated status quo, with Japan showing steadiness while the U.S. experienced mild pressure from developments in supply and demand, but no immediate or acute price volatility has been observed. Japanese producers continued regular output levels with available inventories ranging from 110–120 KT at production facilities; imports accounted for a minor percentage of total negotiating needs (from 2018 to 2024, imports accounted for a minor percentage of total Japanese Naphthalene supply). Demand continued to be stable in the construction-related markets for dyes, resins, and coatings, as Japanese Naphthalene exports to Southeast Asia provided minor or light support. In the U.S. markets, European imports maintained total supply levels at charted available levels of 90 KT; however, refined CFR Houston prices ticked down 1.11% from the prior report period ending wave a 12-week price low momentum. Concern from the construction industry's seasonal slowdown and weakness in the broader industrial sector contributed bearish sentiment, which would signal defensiveness in near-term demand expected across the OEI markets even while imported and domestic supply chains remain strong.
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.
