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 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 Price Chart

Please Login or Subscribe to Access the Toluenediamine Price Chart Data
 

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.

Procurement Resource provides latest prices of Toluenediamine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.