Weak Downstream Demand Lowers German Propylene Prices During May 2024
Weak Downstream Demand Lowers German Propylene Prices During May 2024

Weak Downstream Demand Lowers German Propylene Prices During May 2024

  • 04-Jun-2024 2:01 PM
  • Journalist: Jacob Kutchner

The European market for Propylene, a crucial building block for various plastics, has experienced a downturn throughout May 2024 amidst lower-than-expected demand and an oversupply situation. This has resulted in a significant drop in Propylene prices across the continent due to weak demand from downstream sectors. The...

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

Propylene Prices Soar in January 2025 Weather Restocking and Crude Oil Costs Fuel
  • 29-Jan-2025 3:59 PM
  • Journalist: John Keats
US Propylene Price Slump in October 2024 Amid Weak Sentiments in Downstream
  • 25-Oct-2024 7:30 PM
  • Journalist: Kim Chul Son
Supply Crisis Drives German Propylene Prices Higher in August 2024
  • 05-Sep-2024 4:14 PM
  • Journalist: Jung Hoon
Force Majeure Events and Hurricane Impacts US Propylene Prices Skyward in July 2024
  • 05-Aug-2024 2:32 PM
  • Journalist: Rene Swann