Metal Cans
November 2024 Metal Cans News
We have been recommending the use of spot tinplate prices to can buyers for three years. Recently we provided an early warning of the potential for higher steel coil input costs in the 4th quarter and this occurred in October. Tinplate spot prices moved upward by 7% to 8% in October. Prices will remain elevated, likely into January or February.
Tinplate imports have spiked to reach an annualized rate of more than 1MM tonnes in Q3 for North America. Despite duties and the closure of two tinplate mills in the U.S. in the past few months, import tinplate is cost-competitive in the U.S.
Europe is examining anti-dumping duties on Chinese exports of tinplate into the E.U. This could really disrupt the European export market in the next few months.
Aluminum can stock prices are higher by about 3% in all regions on higher primary aluminum values on the London Metal Exchange. We recently adjusted our pricing formula for aluminum can stock to greater % usage of scrap aluminum to match current best-practices.
Each month we present a "Tinplate Value Chain" for spot prices in North America, Europe and China.
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
Tinplate Value Chain for North America, Europe and China
Projections for all major input costs updated quarterly
Extensive tracking of steel coil prices and accurate projections 12 months out
Import volumes by country and tracking against quotas
Example tinplate can cost breakdowns
Detailed cost improvement recommendations
Pricing for all geographies
Tinplate supply & demand
Metal can market data
Decorating costs
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
Decorating Costs
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 use and 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.