In the most recent edition of Pack Trax, we continue to discuss the impact of U.S. tariffs on aluminum can stock and tinplate. We report import prices from all major exporting countries into the U.S.
In our strategy report, we discuss the importance of avoiding exploitation because of tariffs in the U.S.
Aluminum can stock prices are moving higher in North America on elevated Midwest aluminum premium and tariffs. But aluminum can stock prices are flat to down modestly in Europe and Asia on softer primary aluminum cash costs.Aluminum can stock higher rolling costs. Input costs 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.
2019 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. Tariffs in the U.S. is also inflationary for tinplate and aluminum. U.S. domestic prices for tinplate now are at parity to the average import price including tariffs from major producing countries such as Canada, Germany and the Netherlands. German tinplate imports to the U.S. actually accelerated coming into Q3.
Here is a sampling of information that other sources don't provide
Actual prices for annual contracts and spot tinplate rather than indices
Import Prices for major exporting nations
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.