The price trend of Methenamine observed mixed market sentiments in the North American region throughout the third quarter of 2022. The high demand from the downstream Pharma Industry led to an increase in the price of Methenamine in the region. The orders from purchasers were high due to increased consumer consumption, which supported the price movement of Methenamine. The supply chain was disrupted, and good deliveries to the destination were delayed due to the port being congested in the USA during the third quarter. As a ripple effect, the Methenamine Price was settled at USD 1510/MT during the quarter ending in 2022.
The price of Methenamine observed mixed sentiments in the Asian market throughout the third quarter of 2022. During the first two months of the quarter, Methenamine witnessed a decline in the market due to short supply from Europe due to the supply chain disruption caused by an ongoing war between Russia and Ukraine. The demand from the Pharma industry was high, and insufficient supply of the product further increased the price of Methenamine. The last month observed a downward trajectory due to adequate inventory from the traders and stable supply to the market. The cheaper imported cargo from Russia dipped the price in the Chinese market. The average cost of Methenamine hovered around USD 1280/MT on an Ex-Shandong basis during the quarter ending of 2022.
During the third quarter of 2022, the Methenamine price witnessed mixed sentiments in Eurozone throughout the quarter. In the first two months of the third quarter, Methenamine’s cost was upward due to high demand from downstream Pharma industries. Russia is one of the largest manufacturers of Methenamine globally. The war between Russia and Ukraine has limited the supply to the importing countries, and the supply chain was disrupted in the region. The production cost was high due to high Natural Gas Prices. The last month of the quarter showed a decline in the market due to increased product availability. The manufacturers have quoted lower offer prices due to high availability in the region and moderate demand from the Pharma industry. The average price of Methenamine was settled at USD 1148/MT on a FOB Novosibirsk basis during the third quarter of 2022.
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