European Toluene Prices Contraction Continues in July Amidst the Bearish Demand Outlook
European Toluene Prices Contraction Continues in July Amidst the Bearish Demand Outlook

European Toluene Prices Contraction Continues in July Amidst the Bearish Demand Outlook

  • 02-Aug-2024 6:42 PM
  • Journalist: Emilia Jackson

Hamburg (Germany)- In the final week of July, Toluene prices in the German market continued to decline, primarily due to reduced demand from downstream sectors, especially Toluene diisocyanate (TDI). The diminished need for TDI within the polyurethane industry exerted downward pressure on Toluene prices. Additionally, contraction and tightening...

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

India Toluene Market Set for Growth with Increased Local Production and Strengthened
  • 22-Jan-2025 7:15 PM
  • Journalist: Alexander Pushkin
European Toluene Prices Contraction Continues in July Amidst the Bearish Demand
  • 02-Aug-2024 6:42 PM
  • Journalist: Emilia Jackson
Toluene Prices Continue to Dip in the European Market Amidst Weak Demand
  • 05-Jul-2024 4:40 PM
  • Journalist: Patrick Knight
US Toluene Prices continued to Decline Amid Weak Volume Offtakes
  • 27-Jun-2024 5:19 PM
  • Journalist: Shiba Teramoto