Acrylonitrile Prices Drop in Europe Due to Bearish Demand
Acrylonitrile Prices Drop in Europe Due to Bearish Demand

Acrylonitrile Prices Drop in Europe Due to Bearish Demand

  • 30-Jul-2024 6:11 PM
  • Journalist: Francis Stokes

The European market players reduced Acrylonitrile prices by 4.4% during July 2024 to boost sales amid ample supply availability. The demand for Acrylonitrile was sluggish from the downstream Acrylonitrile Butadiene Styrene manufacturers because of the low consumption of pipes, fittings, and construction materials in the construction sector....

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.

Related News

Declining Acrylonitrile prices in US Market during mid Q4
  • 28-Nov-2024 8:30 PM
  • Journalist: Robert Hume
Increasing Acrylonitrile Prices in Europe Amid Stressed Supplies
  • 21-Oct-2024 9:30 PM
  • Journalist: Motoki Sasaki
Surging Acrylonitrile Prices in the USA Amid Weak Productions
  • 25-Sep-2024 3:58 PM
  • Journalist: Peter Schmidt
Sluggish Demand for End Materials Driving Down Acrylonitrile Prices in Europe
  • 03-Sep-2024 2:56 PM
  • Journalist: Kim Chul Son