The Methenamine market continued the downward trajectory in the fourth week of May xxxx. The prices continued the downward trajectory as the previous week. The prices declined by xx this week, reaching USD xxx/MT CIF Lianyungang, China. The continuous decline in prices was attributed to bearish market sentiments and tepid demand from the downstream pharmaceutical and automotive sectors. The supply continued to be steady putting downward pressure on the market sentiments.
The feedstock market was observed to be soft as prices of Ammonia and Formaldehyde dampen in the week. Decline in feedstock costs led to declined production costs and steady production margins which prompted the manufacturers for firm output and production activities. The supply of Methenamine in the market remained firm amid the positive factors influencing the production dynamics. However, as supply continued to be firm and strong in...
