China Hexamine Market Update: July Rebound and August Supply Outlook

China's hexamine market moved in a down-then-up pattern during July 2026. Early-month sentiment was weak, but prices rebounded later as crude oil strengthened during a period of Middle East tension, domestic methanol futures and spot prices recovered, and many Chinese factories either entered maintenance or reduced operating rates during the summer heat period.

By the end of July, factory order books had improved significantly. Several producers were reported to have about 10 to 20 days of pending shipments, and some factories stopped accepting fresh orders while focusing on earlier contracts. The market reference price moved back to around RMB 5,700/mt delivered Shandong, approximately USD 838/mt based on a working exchange rate of USD 1 = RMB 6.8.

Key Takeaways for Overseas Buyers

The July rebound was driven by both cost and supply factors. Methanol recovered, factory output was restricted by maintenance or lower loads, and international demand remained strong. For overseas importers, this means short-term shipment availability may be more important than headline price alone.

Industrial buyers can review CHCA Chem's Hexamine product page for specification, packing, COA, MSDS and RFQ information. Buyers using the product as urotropine, methenamine or HMTA should confirm the required grade, application and documentation before placing orders.

Supply and Order Situation

Domestic supply tightened in late July because high summer temperatures encouraged some factories to reduce loads, while others scheduled maintenance. At the same time, export demand was stronger than domestic demand, helping factories build a larger order backlog.

This backlog matters for distributors and end users because a producer with 10 to 20 days of pending shipments may quote cautiously or delay new order acceptance. Buyers should confirm whether the supplier has ready stock, near-term production allocation or only forward shipment availability.

Cost Drivers: Crude Oil and Methanol

The methanol market was an important driver in July. A rebound in international crude oil and stronger methanol futures supported domestic methanol spot sentiment, raising cost support for hexamine production.

If methanol remains firm in early August, producers may have stronger pricing confidence. If methanol weakens after the previous order backlog is fulfilled, hexamine prices may lose part of the short-term support.

August Market Outlook

The August outlook is expected to show a rise-then-fall pattern. In the early part of the month, pending factory orders and limited immediate availability may still support prices. Later, once earlier orders are shipped and factory operating rates recover, supply could increase quickly.

Even with a possible late-August correction, the market is not expected to fall below around RMB 5,400/mt delivered Shandong, approximately USD 794/mt, during August if current demand and cost assumptions remain broadly unchanged.

Buyer Considerations

For a supplier China RFQ, importers should include grade, application, packing, quantity, destination port, shipment window, COA and MSDS requirements. Resin, rubber chemical, textile auxiliary and other permitted industrial users should also specify whether they require standard 25kg bag packing, palletized loading, moisture protection or private label marks.

Because several factories may prioritize previous orders, buyers should ask whether the quotation is for prompt shipment or forward shipment. This distinction is important for distributors in Africa, the Middle East, South America and Southeast Asia that need predictable container schedules.

FAQ

Why did China hexamine prices rebound in late July?

Prices rebounded because methanol costs improved, some factories reduced output during high-temperature conditions, and export demand remained strong enough to create 10 to 20 days of pending shipments at several producers.

What was the late-July market reference price?

The late-July reference moved to around RMB 5,700/mt delivered Shandong, approximately USD 838/mt using USD 1 = RMB 6.8 as the working exchange rate.

What is the expected August trend?

The August trend is expected to rise first and then ease later, as early-month order backlogs support prices but supply may increase after factories complete previous shipments and raise operating rates.

Could prices fall sharply in August?

A correction is possible if supply increases quickly, but the working view is that the August market may stay above around RMB 5,400/mt delivered Shandong if demand and cost support do not weaken sharply.

What should buyers include in a hexamine RFQ?

Buyers should provide grade, application, packing, quantity, destination port, shipment window, COA, MSDS and any labeling or palletizing requirements so the exporter can quote accurately.