European POM Prices Tumble Amidst Sluggish Downstream Support and Healthy Inventory Level in Jan 2024
European POM Prices Tumble Amidst Sluggish Downstream Support and Healthy Inventory Level in Jan 2024

European POM Prices Tumble Amidst Sluggish Downstream Support and Healthy Inventory Level in Jan 2024

  • 07-Feb-2024 4:00 PM
  • Journalist: Patrick Knight

At the outset of 2024, the Polyoxymethylene (POM) market in the European region experienced a downward trend, primarily attributed to subdued demand from downstream automotive and related sectors. The increased supply in the market has led to diminished support for POM prices. Deals for POM were moderate, with...

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

January 2025 Sees Stable Yet Softening POM Prices Amid Seasonal Demand Slumps
  • 04-Feb-2025 7:45 PM
  • Journalist: S. Jayavikraman
November 2024 Sees Declining POM Prices in Europe and Asia Amid Weak Demand
  • 05-Dec-2024 4:55 PM
  • Journalist: Alexander Pushkin
European POM Prices Hold Steady Amid Economic Headwinds and Weak Demand
  • 03-Oct-2024 5:29 PM
  • Journalist: Rene Swann
POM Market in China witnesses Price Hike Amid Tight Supply Conditions
  • 31-May-2024 2:43 PM
  • Journalist: Francis Stokes