Methenamine market is facing significant challenges from past few weeks as the prices continued to plunge in the Asian market. The market conditions continued to be bearish owing to continuous decline in demand and high inventories present in the Asian market. The demand fundamentals of Methenamine continued to decline in the Asian market which put downward pressure on the prices. The prices declined notably by 2.4% in the APAC region while Europe region witnessed a stable trend in the last week. Overall, the Asian market showed declining procurement of Methenamine amid slow demand in the market which pushed the prices and sentiments in downward direction while European market remained resilient indicated by stable prices.

The outlook for Methenamine remains bearish, driven by declining demand and oversupply. Weak industrial activity in key sectors like pharmaceuticals, textiles, and resins, combined with high inventory levels, has caused persistent price pressure. While the end of the Lunar New Year and Spring Festival in China may offer temporary demand relief, the overall impact is expected to be mild. The Methenamine market is likely to continue facing oversupply and weak demand, preventing a significant price rebound. Despite some short-term easing, the bearish conditions are expected to persist in global market.

Methenamine prices in the APAC region saw a significant decline due to weak demand, high inventory levels, and reduced logistical costs. The Lunar New Year holidays contributed to a slowdown in industrial activity, resulting in lower consumption and inflated inventory levels from earlier stockpiling. This led to destocking efforts, with suppliers offering discounts to clear excess stock amid minimal industrial operations. Additionally, Drewry’s World Container Index dropped 2% to $3,364 per 40ft container, reducing CIF prices and exacerbating the downward pressure. The combination of muted demand, oversupply, and lower shipping costs created favourable conditions for a sustained decline in Methenamine prices across the APAC region.

In the European market especially Russia, Methenamine prices continued to be stable in the last week of January. However, the market sentiments continued to be bearish. Prices in the previous week declined amid slow and subdued demand in the domestic as well as international market.The declining prices were primarily driven by weak domestic demand, oversupply, and global economic factors. The sluggish performance of key downstream industries, including pharmaceuticals, resins, and rubber manufacturing, has led to reduced consumption, putting downward pressure on prices. Additionally, high inventory levels and weak export demand have further contributed to the market’s bearish sentiment. Furthermore, Russia’s geopolitical tensions and trade restrictions have limited export opportunities, leading to an oversupplied domestic market. Compounding the situation, logistical constraints and currency fluctuations have affected trade flow and pricing competitiveness, pushing Methenamine prices further down in the previous weeks. However, in this week Methenamine prices stabilized amid temporary stability in market conditions. Overall the sentiments continued to be bearish which can be offset by improvement in demand in the coming weeks.