China Hexamine Market Update: High Output and Weak Demand Keep Prices Under Pressure

China's Hexamine market remained weak at the end of June 2026. Domestic producers are running at high output, with many plants close to full operating rates, while domestic demand remains poor. Current market indications for bag-in-bag packing delivered to Shandong are around RMB 5,500/mt, equivalent to approximately USD 809/mt using the working exchange-rate basis of USD 1 = RMB 6.8. Prices continue to trend lower, and the market is expected to decline slowly if demand and raw-material costs remain weak. These are domestic market references and should be reconfirmed for current export quotations.

Key Takeaways for Overseas Hexamine Buyers

For buyers sourcing Hexamine, also known as Urotropine, Methenamine or HMTA, the current China market is buyer-favorable but not risk-free. High operating rates and weak domestic consumption are pressuring prices, but many factories are already loss-making at current levels.

This means further price declines may be gradual rather than sharp. Buyers should compare offers carefully by factory region, production route, packing, shipment schedule and document availability. Export quotations can differ from domestic indications because inland freight, dangerous-goods handling, port operation, container booking and ocean freight all affect final cost.

Market Overview

Domestic Hexamine supply is currently ample. Many Chinese producers are operating at high loads, and overall output remains strong. However, domestic demand has not improved. Downstream users continue to buy cautiously, and procurement is mainly based on immediate production needs.

Market indications for bag-in-bag packing delivered to Shandong are around RMB 5,500/mt. The price trend is still downward, but the current level is already unprofitable for many producers. Inland factories are reported to face deeper losses, while Xinjiang producers appear to have relatively smaller loss pressure, partly because of cost and production-route differences.

Cost and Co-Product Background

The cost side also lacks firm support. International crude oil references are around USD 70/bbl, while both international and domestic methanol markets have been moving lower. Falling methanol prices weaken the cost base for formaldehyde-related products and reduce support for Hexamine pricing.

Production-route differences remain important. Some liquid-phase Hexamine producers also produce Paraformaldehyde. Paraformaldehyde prices are also trending lower, but the product still has profit margin in some cases. This can help certain integrated producers manage overall plant economics better than single-product Hexamine producers.

Regional and Production-Route Differences

Current market pressure is not evenly distributed. Inland producers appear to be under greater loss pressure, while Xinjiang producers are reported to have smaller losses. This difference may affect quotation behavior: some factories may reduce prices to secure orders, while others may resist very low offers or adjust production if losses widen.

For overseas buyers, this makes supplier selection more important. A low headline price should be checked against actual stock, production schedule, packing condition, export documents and shipment reliability. Buyers planning regular procurement should ask suppliers whether the offer is based on existing inventory or fresh production.

Market Outlook

The near-term outlook remains weak. Domestic demand is still poor, factory output is high, methanol is moving lower and Paraformaldehyde is also under downward price pressure. Under this background, China's Hexamine market may continue to decline slowly in the coming period.

However, because current prices are already loss-making for many producers, buyers should watch for possible changes in operating rates or factory willingness to accept low-margin orders. If producers cut output or become more selective, export availability could tighten even while domestic sentiment remains weak.

RFQ Guidance for Hexamine Buyers

When requesting a Hexamine quotation, buyers should specify product name requirements such as Hexamine, Urotropine, Methenamine or HMTA, purity, application, packing, order quantity, destination port, shipment window, document requirements and any market-specific compliance needs. For container shipments, buyers should also confirm loading port, packing format and whether the quote includes inland delivery and port charges.

FAQ

What is the current China Hexamine price indication?

Current domestic indications for bag-in-bag packing delivered to Shandong are around RMB 5,500/mt, approximately USD 809/mt using USD 1 = RMB 6.8. Export offers need live confirmation.

Why is the Hexamine market still moving lower?

Domestic output is high and many producers are close to full operation, while domestic demand remains weak. Lower methanol prices also reduce cost support.

Are all Chinese Hexamine factories facing the same loss pressure?

No. Inland producers are reported to face larger losses, while Xinjiang producers have relatively smaller losses. Production route, raw-material cost and co-product structure can affect each factory's position.

How does Paraformaldehyde affect Hexamine producers?

Some liquid-phase Hexamine producers also produce Paraformaldehyde. Although Paraformaldehyde prices are also falling, it may still have profit margin, helping integrated producers manage overall economics.

What should buyers provide for a reliable Hexamine quotation?

Buyers should provide purity, application, packing, quantity, destination port, shipment window, required documents and whether they need Hexamine, Urotropine, Methenamine or HMTA shown on documents.