The prices of Methenamine continued to witness a bearish trend in the week ending on 17^th January 2025 continuing the same trend as in the previous week. The global market dynamics for Methenamine witnessed a steep decline leading to declined prices in the market. The decline in the prices was primarily attributed to declining production costs in the previous weeks amid declining Ammonia prices. The market sentiment was further exacerbated due to weak demand from key downstream sectors in the global market. Overall, the market remained weak amid reduced feedstock cost and receding demand.

In the coming weeks, Methenamine prices are expected to remain bearish, with a slight downward trend driven by declining demand across key sectors. Market players are likely to reduce procurement further, adding downward pressure on prices. The agrochemical sector, currently in its off-season, continues to exhibit weak demand fundamentals, which are expected to persist and contribute to the overall market softness. While the pharmaceutical sector is projected to maintain steady demand for Methenamine, this stability will not be sufficient to counterbalance the broader decline in prices. The combination of weak seasonal demand, cautious purchasing behaviour, and limited growth in key industries is anticipated to sustain the bearish market outlook in the near term.

In the current market, the prices of Methenamine declined by 5.6% in the Chinese market as compared to the previous week. The declining market sentiment was attributed to the subdued purchasing sentiment in major industries such as pharmaceuticals, resins, and speciality chemicals where Methenamine is most used. The agrochemical sector remained under pressure due to the offseason leading to declining procurement from market participants. Oversupply of Methenamine in the market further exacerbated the market conditions leading to downward pressure on the prices.

In the European region especially in Russia, the demand sentiments remained weak which led to the downward trend in the prices. The prices of Methenamine declined by 5.0% as compared to the previous week. The decline in the prices was attributed to weak demand and oversupply of Methenamine in the market. The agrochemical sector witnessed limited purchasing activities and buying interest also declined leading to significant decline in the prices of Methenamine in the market.

Overall, the global market sentiments continued to be bearish which led to the continuous decline in the prices. The feedstock market remained stable or slightly bearish reflecting the direct impact of declining demand on the prices of Methenamine. Oversupply situation in the market further put downward pressure on the prices leading to the declined price trend.