The Methenamine market continued to witness bullish trend in the latter half of April 2025 in China. The upward trajectory of the prices was driven by various factors including trade uncertainties and rebound demand from domestic and international markets. As the demand from downstream pharmaceutical and automotive sector began to rise, the market sentiments continued to improve throughout the latter half leading to upward trend of the prices.

The supply dynamics of Methenamine in the market remained consistent supported by declining feedstock costs as Ammonia and Formaldehyde prices dropped. As feedstock costs declined, production margins improved leading to steady production of Methenamine and ensured firm supply to meet the growing demand. The supply continued to be firm and consistent leading to no supply side disruptions impacting the market dynamics.

The upcoming preliminary determination in the US International Trade Administration’s antidumping (AD) investigation on Hexamine imports from China led to uncertain trade dynamics of Methenamine between the countries. While a final ruling is still pending, the anticipation of potential duties has already begun influencing trade behaviours. Buyers in key markets, including the US are showing a preference for alternate suppliers amid uncertainty over possible tariffs leading to delayed purchasing activities, disrupting the normal flow of Methenamine creating scarcity due to hesitation. This sentiment- driven tightening influenced the short-term volatility as observed in the latter half of the month.

In the domestic market, the demand from pharmaceutical sector experienced a mild recovery following reports that exemptions have been granted for some pharmaceutical imports amid the ongoing U.S-China trade tensions which indirectly pushed the production and demand for different drugs in the global market and hence driving the demand for Methenamine in the market. The automotive sector witnessed a boom as Chinese automakers are continuing the production to meet the rising demand leading to rising consumption of Methenamine derived resins which are essential in manufacturing of various automotive parts. The bullish sentiments were primarily driven by surge in demand fundamentals.

According to analysts at ChemAnalyst, Methenamine market trends are expected to remain bullish in the short term influenced by the anti-dumping investigations. While the demand for Methenamine is expected to remain elevated in the short- term, increased supply in the market may ease demand pressures leading to steady or firm market trend. Overall, the market is expected to remain under upward pressure owing to rising demand from downstream sectors in domestic market and rising import demand from major trading partners.