Toluenediamine Price Trend and Forecast

Toluenediamine Regional Price Overview

Get the latest insights on price movement and trend analysis of Toluenediamine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Toluenediamine (TDA) Price Trend for Q1 of 2025

Asia

In Q1’25, the Asian Toluenediamine (TDA) market experienced mixed price trends driven by regional production dynamics. China's strengthened domestic production capabilities, following CNOOC's Daxie expansion, created downward pressure on TDA prices across the region. Chinese producers, particularly those affiliated with Sinopec, strategically adjusted their TDA pricing to maintain market share while balancing production costs.
 

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The increased self-sufficiency in toluene production directly impacted TDA manufacturing costs, allowing Chinese producers to offer more competitive pricing. Other Asian markets struggled with weak demand from the polyurethane sector, which remained a key consumption driver for TDA. By March, the market had achieved some stability, though at lower price levels compared to Q4 2024, as manufacturers navigated between serving domestic needs and pursuing export opportunities.

Europe

European TDA prices in Q1’25 followed a volatile path, beginning with an upward trajectory in January driven by tight supplies and increasing feedstock costs. February saw prices peak as crude oil costs rose and competition intensified from Chinese imports. The proposed EU industrial strategy aimed at reducing energy costs provided some optimism for regional TDA producers who had been operating under significant cost pressures.

Major chemical companies like BASF restructured their operations during this period, impacting the overall supply-demand balance for TDA and related products. The quarter ended with prices stabilizing but remaining elevated compared to Q4’24 levels, supported by increased intra-regional trade that partially alleviated supply constraints. European producers maintained cautious production rates given the persistent uncertainty in downstream polyurethane and construction markets.

North America

The North American TDA market navigated a challenging first quarter in 2025. The market began slowly, with limited trading activity around the Presidential Day holiday in February reflecting seasonal patterns. As the quarter progressed, significant maintenance activities across key production facilities temporarily constrained TDA supply, providing some support to prices despite modest demand.

The ongoing impact of Trump's presidency and associated tariff policies affected chemical supply chains, creating cost pressures for TDA producers reliant on imported feedstocks. By March, the market had reached a relative equilibrium, with prices stabilizing as supply constraints eased. Demand from the construction sector showed early signs of improvement, though not enough to drive significant price increases.

Analyst Insight

According to Procurement Resource, TDA prices are likely to rally strong in the coming months. While regional price disparities will likely persist, recovery in construction and automotive sectors coupled with stabilizing energy costs may provide more balanced market conditions in the coming months.
 

Toluenediamine (TDA) Price Trend for the Year 2024

Asian

The Asian region witnessed a volatile year for TDA pricing in 2024. The first quarter showed promising upward momentum, particularly in India, driven by strong demand from agrochemicals and pharmaceuticals sectors. However, this positive trend was short-lived as oversupply issues emerged by Q2, pushing prices downward. South Korean TDA prices were particularly affected by maintenance at GS Caltex and fluctuating feedstock costs.

In China, reduced demand from end-use industries such as polyurethane manufacturing created further downward pressure. The second half of 2024 saw continued price erosion across the region, exacerbated by logistical challenges including port congestion and container repositioning issues. By Q4, the market had stabilized at lower levels with sufficient stockpiles meeting the subdued demand.

Europe

European TDA prices in 2024 demonstrated consistent decline throughout the year. Beginning with a downward trend in Q1 due to reduced fertilizer sector demand and farmer protests across the region, the negative price environment persisted into Q2 with an oversupply situation. The construction sector, particularly housing, struggled throughout the year, weakening demand for TDA in paints and coatings applications.

Rising interest rates and inflation further constrained purchasing power. By Q3, the European construction sector had fallen into a deep slump, accelerating TDA price drops. The final quarter of 2024 continued this bearish trend, with high inventories and balanced but underwhelming demand from industries such as polyurethane and other aromatics. Geopolitical uncertainties and fluctuating crude oil prices exerted additional pressure on prices.

North America

In North America, Toluenediamine (TDA) prices followed a downward trajectory throughout 2024. The first quarter started with moderate pricing, but as the year progressed, prices steadily declined due to weakening demand from the polyurethane sector. This trend was heavily influenced by the bearish performance of its feedstock toluene, which experienced significant price drops throughout the year.

Supply chain disruptions, including the Longshoremen's Association strike in Q4, further complicated market dynamics. Despite some growth in the construction industry, the broader economic slowdown dampened TDA demand, particularly in the latter half of 2024. Manufacturers responded by reducing production rates, but this was insufficient to offset the oversupply situation that persisted through year-end.

Analyst Insight

According to Procurement Resource, the TDA market anticipates continued price pressure in early 2025, with potential stabilization by mid-year contingent on economic recovery and downstream demand improvement.
 

Toluenediamine Price Trend for the Second Half of 2023
 
Toluenediamine prices usually vary along with the variation in the prices of its feedstock toluene prices. During the said period of H2’23 the prices were observed to be mimicking the variations in the toluene market. In the Asian markets, particularly India and China, the Toluenediamine prices fluctuated within very closed limits.

Toluenediamine serves as a crucial component in the production of polyurethane, and epoxy resins and also plays a critical role in rubber vulcanization processes. Thus the demands and consumptions from these industries also determine the price performance in the concerned markets. In the Asian markets, the third quarter was still somewhat positive for the price trajectory, albeit the fourth quarter saw notable declines.

Major festival holidays in India limited the industrial activity in the region which pushed the demands down slightly. The inventories had also become capable of catering to whatever demands consumers offered. Thus, the toluenediamine prices varied within a limited range during the second half of 2023.

Analyst Insight

According to Procurement Resource, after the eruption of the Israel and Hamas conflict, the market situation, particularly for petrochemicals, is a bit complicated. The prices for toluenediamine are expected to rise going forward.
 

Toluenediamine Price Trend for the First Half of 2023

Toluenediamine prices closely mimic the price trend of its feedstock toluene. During the first half of the year 2023, the Toluenediamine market experienced mixed price sentiments. With consistent demands from the downstream color and pigment sectors, the prices first rose in the first quarter.

However, an oversupply of products started dominating in the second quarter. The upstream costs also tumbled with a fall in crude oil and energy prices. Ease in offshore product movement restrictions with restored supply chains also influenced the falling price trend. The struggling construction sector pushed down the demands from the paint, coating, and adhesive industries. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, the Toluenediamine price trend are likely to continue fluctuating in a similar manner in the upcoming months as well.
 

Toluenediamine Price Trend for the Second Half of 2022

Asia

In the Asian Pacific region, the prices of Toluenediamine fluctuated due to the sea-saw trend followed by the prices of feedstock toluene. The decline in the prices during the initial months of the third quarter was due to the dwindling operational costs and extreme weather conditions in the region.

The effects of the depreciating value of the currency and the slow economic growth further aided this price drop. In the fourth quarter, the crude oil prices were unstable along with the downstream demands from industries such as paints, coatings, etc., resulting in sluggish price trend for Toluenediamine.

Europe

A declining trend in the prices of Toluenediamine was persistent throughout the third and fourth quarters in the European region. The prices declined majorly due to rising inflation and weak demand from the end-user industries. The prices were also affected by the rise in inventory levels along with the falling crude oil prices. Due to the above-mentioned factors, consumer confidence in the market remained weak and the prices of Toluenediamine followed a downward trajectory.

North America

The prices fluctuated during the said period as the decreased demand from the downstream industries adversely affected the market. Low demand also raised the inventory levels and thus the supply and demand equilibrium of the market was disrupted. However, there was a slight improvement in the prices towards the end of the third quarter as the demand improved slightly and the production costs also declined due to the decline in natural gas costs. However, this trend was not followed in the fourth quarter and the prices nosedived.

Analyst Insight

According to Procurement Resource, the price trend for Toluenediamine are expected to follow a downward trajectory due to the weak demand from the end-sector industries, sluggish behaviour of the market, and uncertain crude oil prices.

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