In August 2025, Polyester Staple Fiber (PSF) exhibited a diverse price trend across the key global markets. This is mainly attributed to the unbalanced supply demand dynamics and the potential developments across the market. Prices for the feedstock also influences the PSF prices due to the weakness in the global crude oil prices amidst the expectations of potential output increase by the OPEC+ and an initiation of the peace talk between the Russia and Ukraine. PSF prices across the US and APAC region were moving downside while the European market noted slight improvement in the prices.
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.
