China Hexamine Market Update: Tight Supply and Methanol Costs Keep September Prices Firm

China's Hexamine (HMTA) market remained tight through late September 2026, extending the supply pressure seen in August. Prices continued to rise as methanol availability tightened in Xinjiang after an equipment failure at a major methanol plant, increasing input costs for local hexamine manufacturers. Overseas importers and industrial buyers should confirm actual saleable volume and shipment timing before treating a market indication as an available export offer.

Key Takeaways for Buyers

By late September, a Xinjiang-origin indication for delivery to Shanghai port had exceeded RMB 8,500 per metric ton, approximately USD 1,250 per metric ton at the fixed working exchange rate of USD 1 = RMB 6.8. A Hebei-origin indication to Shanghai port was around RMB 8,200 per metric ton, approximately USD 1,206 per metric ton on the same basis. These are indicative China port-delivered references, not FOB or delivered-to-destination quotations. Current prices, terms and availability must be reconfirmed.

Hebei material had a relative delivered-price advantage in this comparison. Many producers were declining new domestic orders; those accepting orders were indicating delivery about 20 days later. Buyers should therefore separate an offered price from a confirmed shipment window.

Market Overview: Methanol Costs and Limited Prompt Supply

The Xinjiang methanol plant problem reduced regional methanol supply assurance and raised input costs for nearby hexamine production. That cost increase added to a market already constrained by export demand and outstanding orders. The result was another month of limited prompt material despite expectations earlier in the year that factory recovery could ease the market.

The late-July view that August prices might retreat after older orders were fulfilled and factory operating rates recovered did not materialize: prices kept rising through August and September. Methanol costs matter, but the more useful supply indicators now are the persistence of export orders, producer backlogs, pending shipments and the quantity actually available for new spot sales.

What the Shanghai Port References Mean

The gap between Xinjiang and Hebei port-delivered indications reflects different origin and cost conditions at the time of the comparison. Neither reference establishes a standard national price or a firm quotation from Jinan ZZ International Trade Co.,Ltd. Exporters and distributors still need to confirm manufacturer, specification, packing, inland transport, port handling, order quantity and loading date for each RFQ.

For overseas buyers, the main question is whether the quoted material can be allocated to a new order within the required shipment window. A low indication is less useful if the producer's existing order book pushes delivery beyond the buyer's schedule.

October Outlook

The working expectation for October is a largely stable market rather than a price decline. Prompt availability remains constrained, and there is no clear evidence yet that the accumulated order backlog has been cleared. At the same time, the current price level is the highest reported by the market source since 2022, which may make a further sharp rise harder to sustain.

This outlook should be checked against actual methanol supply recovery in Xinjiang, hexamine plant operating rates, export order continuity, pending shipments and fresh spot volume. A plant restart alone would not prove that prices will fall if its output is already committed.

Specification, Packing and Shipment Considerations

Hexamine buyers should state the required specification and intended industrial application, then request the current COA and MSDS for product and handling review. Confirm the requested bag size, pallet preference, quantity, destination port, Incoterm and shipment window before comparing suppliers in China.

For container shipment, the exporter should verify when finished product can be packed and moved to port, particularly when a manufacturer is quoting a delivery lead time around 20 days. Shipping documents and destination requirements should be confirmed for the actual order and market.

Short FAQ

Why did China's hexamine price keep rising in September?

Tight methanol supply in Xinjiang raised local costs while export demand, unshipped orders and limited prompt saleable volume continued to support offers.

Is RMB 8,200 per metric ton a current export price?

No. It was an indicative Hebei-origin price to Shanghai port in late September 2026, approximately USD 1,206 per metric ton at USD 1 = RMB 6.8. An export RFQ needs fresh confirmation of product, packing, terms and shipment timing.

Will prices fall in October?

The present expectation is stability, but it depends on methanol supply, factory output, export orders and the amount available for prompt sale. No price outcome is guaranteed.

Procurement Note

Overseas buyers can review the Hexamine product page on chcachem.com for product information. Send Jinan ZZ International Trade Co.,Ltd. your specification, quantity, packing, destination port and required shipment window to request current availability, COA/MSDS information and an RFQ-based quotation.