Global Toluene Diisocyanate Price Outlook – Q2 2026
Toluene Diisocyanate Prices witnessed a mixed-to-downward trajectory in Q2 2026, with an overall decline of approximately 6–9% quarter-on-quarter, driven by weak downstream polyurethane demand and easing feedstock costs. Procurement sentiment remained cautious across key regions as supply stability improved. Buyers actively monitored the Toluene Diisocyanate Price Chart to assess contract timing and spot purchasing opportunities.
Regional Toluene Diisocyanate Price Snapshot – July 2026
- Northeast Asia: 2.31 USD/MT (3.1% ↑ Up)
- Europe: 2.53 USD/MT (-15.1% ↓ Down)
- Middle East: 1.57 USD/MT (-16.5% ↓ Down)
- Southeast Asia: 1.69 USD/MT (1.2% ↑ Up)
- North America: 1.99 USD/MT (8.7% ↑ Up)
The regional spread highlights strong cost divergence, with Europe maintaining premium pricing despite sharp corrections, while the Middle East remains the most cost-competitive. Asia shows moderate recovery signals, and North America reflects tightening supply conditions. This distribution indicates uneven demand recovery and localized supply pressures influencing procurement strategies globally.
Across regions, price movement reflected a combination of demand softness in construction and automotive sectors alongside improved supply availability. Northeast Asia showed resilience due to steady industrial demand, while Europe and the Middle East experienced sharper corrections due to oversupply and weaker downstream consumption. Southeast Asia remained relatively balanced, and North America showed upward momentum supported by supply constraints and restocking cycles.
Toluene Diisocyanate Price Analysis: Where Are Prices Moving in July 2026?
North America (USA)
The USA recorded prices at 1.99 USD/MT, reflecting an upward trend of 8.7%. This increase was driven by tightening inventories and steady demand from insulation and automotive applications. Supply chain adjustments and limited imports contributed to firmer pricing.
Asia-Pacific (Japan, India, China)
Across Asia-Pacific, prices ranged between 1.69–2.31 USD/MT, with mixed trends. China and Japan saw moderate gains supported by stable manufacturing demand, while India experienced balanced supply-demand conditions. Feedstock cost fluctuations and regional trade flows played a key role in shaping pricing dynamics.
South America (Brazil)
Brazil experienced relatively stable pricing trends, with moderate demand from construction and furniture sectors. Supply availability remained consistent, preventing sharp price swings. Import dependency continues to influence pricing sensitivity in the region.
Supply and Demand Overview – July 2026
Supply conditions improved globally in July 2026 as production rates stabilized across major TDI manufacturing hubs. Increased operating rates in Asia and the Middle East contributed to higher export availability, putting downward pressure on prices in surplus regions.
Demand remained uneven. Construction activity, a key driver for polyurethane consumption, showed sluggish recovery in Europe and parts of Asia. Automotive demand provided partial support, particularly in North America. However, buyers remained cautious, prioritizing inventory optimization over aggressive procurement.
Feedstock dynamics also played a critical role. Fluctuations in toluene and phosgene costs influenced production economics, but easing raw material prices limited upward momentum.
Toluene Diisocyanate Price Index & Historical Analysis
The Toluene Diisocyanate Price Index reflected a declining trend through most of Q2 2026, followed by stabilization in July. Compared to Q1 2026, the index dropped due to improved supply conditions and weaker downstream demand.
Historically, price cycles for TDI are closely linked to polyurethane demand and feedstock volatility. The Toluene Diisocyanate price history chart indicates that periods of strong construction growth typically lead to price spikes, while oversupply phases result in corrections similar to the current cycle.
According to IMARC Group’s July 2026 price-tracking database, the recent index movement suggests a transition phase where prices are stabilizing after a correction, rather than entering a sharp recovery cycle.
Toluene Diisocyanate Price Forecast 2026: What Should Buyers Expect?
Over the next 12 months, prices are expected to remain range-bound with mild upward bias. Demand recovery in construction and automotive sectors will be the primary driver for any sustained increase.
Short-term (Q3 2026): Prices likely to stabilize with slight upward movement in North America and Asia.
Mid-term (Q4 2026): Gradual recovery expected as downstream demand improves.
Long-term (2027 outlook): Balanced supply-demand dynamics may support moderate price growth.
Procurement strategies should focus on staggered purchasing and monitoring regional supply shifts to capitalize on price dips.
Key Factors Affecting Prices: Monthly Perspective
Several factors influenced monthly price movements:
- Energy Costs: Fluctuations in crude oil and natural gas impacted production costs.
- Feedstock Availability: Toluene price volatility directly affected manufacturing margins.
- Chlor-alkali Demand: Linked chemical demand influenced production decisions.
- Freight and Logistics: Shipping costs and delays affected regional price differences.
- Capacity Utilization: Plant shutdowns or restarts significantly impacted supply levels.
These variables collectively determined the pace and direction of price changes across regions.
What Is Toluene Diisocyanate?
Toluene diisocyanate (TDI) is a key chemical intermediate primarily used in the production of flexible polyurethane foams. It is widely utilized in furniture, automotive seating, insulation materials, and coatings.
TDI is produced through the reaction of toluene diamine with phosgene, making it highly dependent on upstream petrochemical feedstocks. Its pricing is closely tied to industrial demand cycles, particularly in construction and automotive sectors.
Recent Developments (July Highlights)
- Increased production rates in Northeast Asia improved export supply.
- European manufacturers faced demand slowdown, leading to price corrections.
- Middle East exporters expanded supply into Asian markets.
- North American suppliers experienced tighter inventories due to steady demand.
- Trade flows shifted slightly toward Southeast Asia due to competitive pricing.
These developments highlight ongoing adjustments in global supply chains and regional demand patterns.
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FAQs About Toluene Diisocyanate Pricing Insights & Market Analysis:
What Is the Current Toluene Diisocyanate Price Index Trend?
The Toluene Diisocyanate Price Index shows a stabilizing trend after a decline in Q2 2026. Prices are no longer falling sharply, indicating a balance between supply and demand is emerging.
How Does the Toluene Diisocyanate Price Chart Help Procurement Teams?
The Toluene Diisocyanate Price Chart provides historical and real-time pricing insights, enabling buyers to identify trends and optimize purchasing decisions. It helps in timing contracts and managing cost risks effectively.
What Is the Toluene Diisocyanate Price Forecast for 2026?
The Toluene Diisocyanate price forecast 2026 suggests stable to slightly increasing prices, supported by gradual demand recovery. However, supply conditions remain a key variable that could limit sharp price increases.
How IMARC Helps
IMARC Group provides reliable, real-time pricing intelligence for TDI, enabling procurement teams to track regional price movements and identify cost-saving opportunities. The July 2026 data indicates stabilization after a correction phase, with selective upward trends emerging. Moving forward, buyers should closely monitor supply adjustments and downstream demand recovery to optimize sourcing strategies.
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