Limited Supplies and Moderate Demand Drove HDI Prices Upward in Europe During March 2024
Limited Supplies and Moderate Demand Drove HDI Prices Upward in Europe During March 2024

Limited Supplies and Moderate Demand Drove HDI Prices Upward in Europe During March 2024

  • 09-Apr-2024 2:02 PM
  • Journalist: Patricia Jose Perez

The Hexamethylene Diisocyanate (HDI) price trend continued to showcase bullish movement in Europe like the previous month, and prices rose by 2.4% during March 2024. The availability of stocks was low in the market amid weak availability of feedstock supplies and affliction in operating rates in the producing...

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

Sluggish demand negatively impacted HDI prices in Europe during October 2024
  • 12-Nov-2024 10:00 PM
  • Journalist: Conrad Beissel
Increase supply Causing Hexamethylene Diisocyanate Prices Decline in Europe
  • 23-Sep-2024 3:24 PM
  • Journalist: Gabreilla Figueroa
Sluggish Demand led to reduced Hexamethylene Diisocyanate Costs in Europe
  • 04-Jul-2024 7:38 PM
  • Journalist: S. Jayavikraman
Limited Supplies and Moderate Demand Drove HDI Prices Upward in Europe
  • 09-Apr-2024 2:02 PM
  • Journalist: Patricia Jose Perez