Toluene Price Chart, Index, Price Trend and Forecast

Toluene TDI Grade Price Trend Analysis - EX-Kandla (India)

The pricing trend for Toluene Diisocyanate (TDI) grade at EX-Kandla in India reveals notable fluctuations over the past year, influenced by global supply-demand dynamics and domestic economic conditions. From October to December 2023, the average price of TDI declined from ₹93/KG in October to ₹80/KG in December. This downward trend continued into 2024, with October witnessing a significant drop to ₹73/KG, a 21% year-on-year (YoY) decline. In November 2024, prices fell further to ₹72/KG, marking a 15% YoY reduction. However, by December 2024, the price slightly recovered to ₹76/KG, resulting in a smaller 6% YoY decline compared to the previous year.

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The steep YoY drop in October reflects a market oversupply and weakening demand from key end-user industries such as furniture, automotive, and construction. November's pricing indicates a relatively stable trend, albeit at a lower base, while the partial rebound in December suggests early signs of market correction or demand recovery.

According to Expert Market Research, the outlook for TDI prices in Q1 2025 is cautiously optimistic. Prices are expected to remain relatively stable or slightly firm, driven by improved demand prospects and potentially tighter supply due to global production adjustments. Market participants are advised to closely monitor upstream feedstock costs and macroeconomic indicators, as these will significantly influence price direction in the coming months.

Overall, while the TDI market in India experienced considerable YoY price declines in 2024, the gradual price stabilization toward the end of the year hints at a more balanced market entering 2025. Stakeholders should prepare for a cautiously steady pricing environment, with moderate upward pressure likely if demand strengthens.

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Global Toluene Trade Overview: Leading Exporters, Importers & Major Suppliers

The global toluene market plays a crucial role in the petrochemical and chemical industries, with significant international trade activities involving key players across regions. Toluene, a key aromatic hydrocarbon, is widely used in the production of TDI, paints, adhesives, and chemical intermediates.

Leading Exporting Countries

The top exporting countries of toluene include China, Japan, Germany, Belgium, Spain, Singapore, Italy, and Malaysia. These nations have well-established refining and petrochemical infrastructures, enabling large-scale production and exports of toluene. China, Japan, and Germany lead the pack, benefiting from strong domestic production capacities and strategic geographic access to major shipping routes.

Leading Importing Countries

On the importing side, the India, United States, Singapore, Indonesia, Turkey, Vietnam, Netherlands, and Saudi Arabia represent the major buyers of toluene. These countries either lack sufficient domestic production or import to meet growing demand in downstream sectors such as polyurethane production, solvents, and fuel additives. India remains one of the most prominent importers due to its robust manufacturing base and expanding industrial sectors.

Major Global Suppliers

Several multinational corporations dominate the global supply of toluene. Notable suppliers include Sinopec (China), ExxonMobil (USA), Chevron Phillips Chemical (USA), LG Chem (South Korea), Idemitsu Kosan (Japan), SABIC (Saudi Arabia), Reliance Industries Limited (India), and LyondellBasell (USA). These companies are vertically integrated, ensuring consistent supply, quality, and global distribution networks. Their strategic partnerships and investments in refining and petrochemical assets continue to shape the international trade landscape of toluene.

Global toluene trade is driven by a dynamic interplay between exporting powerhouses, importing demand centers, and a handful of dominant global suppliers with strong production and distribution capabilities.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Toluene Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for toluene. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing toluene prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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