Winter Demand Lull Pressured Global Menthol Prices in January by 0.7%, Seasonal Rebound Expected Ahead

The price of Menthol in the global market has decreased in January of 2026. The market value of has declined across the key export and import markets. The decrease in the first month of the first quarter of 2026 has extended the downward momentum of 2025. The market sentiment was subdued which was not the result of disruption but was the continuation of seasonal decline in Menthol values. The end-user demand for Menthol-based formulations as the buyers has prioritized the reassessment of inventory over the active procurement. The inventory position at the downstream sectors was adequate which reduced the need for the aggressive spot procurement. The suppliers have reduced the prices to stimulate the order flow, and the buyers have preferred the inventory management over the fresh commitment. ChemAnalyst anticipates that the prices of Menthol will likely decrease in the near term and then will shift in an uptrend. The coordinated approach which is informed by forecast analysis will reduce volatility and will help the market players to maximise their profit during the anticipatory period.