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January 2018

2017 Year in Review
Four major themes were responsible for packaging raw material price volatility in 2017.
1.  Inflationary pressures on steel coil and tinplate prices
2.  Ink input costs such as solvents, pigments and glycerine
3.  Pulp prices 20% higher year over year
4.  Import restrictions on import recycled paper and board have roiled container and boxboard markets in all regions.
December Highlights
HDPE resin continue to correct downward and have reversed most of the hurricane premium by the end of December.  New capacity coming to market is further dampening price expectations.
Polypropylene resins remain at near high levels for the past few years.  Inputs are elevated and there is little new capacity coming on stream in most markets.
Ink input costs have reached unprecedented inflation over the past year and most ink companies have significant price increases underway for 2018
Aluminum can stock and foil prices moved slightly lower in North America and Europe but inched higher in Asia in December.

Tinplate prices have begun to accelerate once again after correcting in mid-2017.  Pricing from the market leaders in China Baoshan and Meishan has been aggressively stronger.

Paper prices have been on an upward trend for the past 6-7 months, particularly in Asia.  Demand for coated paper has been declining for several years but the decline has lessened recently.  Industry rationalization, particularly in North America will drive prices over the next 12 months.  


Jan 1, 2018   January 2018 News
Through December of 2017 our Original 2018 Forecast, prepared in June of 2017 has proven accurate to within 1.7% overall in North America; .8% in Europe and 3.5% in Asia. That is not as good as our longer term track record of .5% accuracy overall. For a Free Trial please use the Sample Requests screen on this website.