Aluminum can stock prices are moving higher in North America on higher rolling costs. Input costs are beginning to absorb the global impact of trade tensions. Aluminum Can stock prices are also moving higher in Europe on the recent decline in the value of the Euro. In Asia, aluminum can stock prices are moving lower on weakness in primary aluminum and scrap prices. Tinplate prices are stable after a runup over the past several months on stronger input costs and tariffs in the U.S. Imports have declined but the U.S. market requires about 600,000 MT's of imported tinplate in order to satisfy the 1.9MM MT demand in the U.S. Prices are stable in Europe and Asia.
International trade tensions and sanctions on Russian aluminum products has restricted supply and caused primary aluminum prices to spike. Primary aluminum prices on the London Metal Exchange shot up from $1.01 / lb. to $1.18 / lb. on news that aluminum supply from Rusal, a Russian aluminum producer with 6% of global capacity would be affected by sanctions. This was short lived and by the end of April, primary aluminum cash prices declined back to levels just north of $1 / lb. Primary aluminum and local market premiums affects about 30% of can stock inputs.
Overall, prices are up sharply from March in all regions.
2018 Packaging Material Cost Forecast Highlights for Aluminum Can Stock and Tinplate
Aluminum can stock is being buffeted by exchange rates and stronger metal demand for primary aluminum in automotive and aerospace.
Tinplate prices in North America and Asia are increasingly being influenced by imports. Our Forecast projects steel coil prices over the next 18 months as the primary driver of tinplate prices through 2018.
Here is a sampling of information that other sources don't provide
Actual prices for annual contracts and spot tinplate rather than indices
Projections for all major input costs updated quarterly
Extensive tracking of steel coil prices and accurate projections 12 months out
Import volumes by country
Import prices from each country
Example tinplate can cost breakdowns
Detailed cost improvement recommendations
Pricing for all geographies
Tinplate supply & demand
Metal can market data
Here is a sampling of the content we provide
Metal can market data
Primary aluminum supply and demand history and projections
Accurate primary and scrap aluminum projections
Accurate Forecasts for can stock prices
Metal Can Cost Models
Pack Trax metal can cost models are cost effective
software that is designed for packaging procurement
professionals. The metal can software is simple to useand allows you to select a variety of can types for both tinplate and aluminum cans.
Each cost driver can be optimized using recommendations from our extensive User Guide.
This places packaging procurement professionals in a position to lead supplier cost improvement with can suppliers.