October 2024 Sees Notable Drop in Global Silicone Rubber Prices Amid Market Correction and Reduced Demand
October 2024 Sees Notable Drop in Global Silicone Rubber Prices Amid Market Correction and Reduced Demand

October 2024 Sees Notable Drop in Global Silicone Rubber Prices Amid Market Correction and Reduced Demand

  • 15-Nov-2024 2:50 PM
  • Journalist: Rene Swann

In the global market, Silicone Rubber prices experienced a notable decrease in October 2024, primarily driven by a temporary correction following a period of sustained price increases. This downward adjustment in the Silicone Rubber price was influenced by reduced purchasing activity across key sectors, as buyers anticipated potential...

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

October 2024 Sees Notable Drop in Global Silicone Rubber Prices Amid Market
  • 15-Nov-2024 2:50 PM
  • Journalist: Rene Swann
Silicone Rubber Costs Spiked Amidst Growing Demand from Downstream Industries
  • 13-Mar-2024 2:22 PM
  • Journalist: Francis Stokes
Global Silicone Rubber Prices Hold Firm Amidst Diverse Market Demand in Jan 2024
  • 12-Feb-2024 2:22 PM
  • Journalist: S. Jayavikraman
US Expands Import Ban on Chinese Firms Over Forced Labor Concerns in Xinjiang
  • 16-Jan-2025 6:30 PM
  • Journalist: Gabreilla Figueroa