The Global Methenamine Market Showcases Cautious Optimism

The global Methenamine market showed stable to marginal increase in the prices. According to ChemAnalyst, the prices of Methenamine remained stable in the market.

In the European region, majorly focusing on Russia, the prices of Methenamine witnessed a slight increase in the first week of November. The prices stabilized at USD 830/MT FOB Novosibirsk Russia. The increase in the prices was attributed to the increased production cost in the market. Ammonia prices surged in the market which pushed the prices of Methenamine in the market. On the demand side, the pharmaceutical industry showed steady demand for Methenamine in the market. The increase in the prices was also impacted by the current Russian market conditions. On October 25th, 2024, the Bank of Russia's Board of Directors decided to raise the key interest rate by 200 basis points to 21.00% per annum. This decision was made in response to inflation running much higher than the Bank's July forecast. Domestic demand has been steadily rising, outpacing the country's ability to expand the supply of goods and services. On supply side, due to the ongoing Ukraine-Russia war, the supply side remained constrained leading to upward pressure on the prices.

In the Asian region, specifically China the prices of Methenamine showed notable stability in the market in the first week of November. According to the analysts at ChemAnalyst, the prices stabilized at USD 1000/MT Ex-Shandong China. The stability in the prices was attributed to the carefully balanced supply and demand dynamics in the market. In the feedstock market, Ammonia price trend was bullish indicating increased production cost. Despite increased feedstock cost, the demand dynamics remained steady and supply conditions were robust which led to the stable price trend in the market.

The North American region, the market is experiencing a period of stable demand growth driven by robust demand in key downstream sectors. The key feedstock Ammonia and formaldehyde prices surged in the market. The increased demand trend and increased production cost pushed the prices of Methenamine in upward direction therefore a bullish market trend was observed. Overall, the marginal bullish trend in the market was also supported by increased crude oil cost in the international market.

Looking further, the global market trend for Methenamine was stable to bullish due to increased feedstock cost and stable demand from downstream pharmaceutical sector. The anticipatory changes in government regulations after the recent US presidential elections may influence the market dynamics for Methenamine while supply side issues and demand fluctuations can influence the prices of Methenamine in the global market.