Tin prices reached record high values of 44,284 USD/MT in Febraury 2022 rising by 12% since the previous year due to supply shortages as production is still recovering from the aftermath of Covid-19 pandemic. The demand for tin is robust and is likely to outstrip the supply which will cause its prices to remain high in the upcoming months of 2022. The high prices also affect the downstream tin can market prices. Other factors contributing to the high prices to tin is the surge in energy costs as well as the shutting down of a production facility in China responsible for 25,000 MT of tin output, for maintenance purposes.
With a huge number of domestic enterprises focusing on regional markets, the global metal cans industry is fragmented. To appeal to end-users, the bulk of corporations have negotiated exclusive partnerships with distributors. Some businesses have their own distribution networks, allowing them to increase their revenue by selling products to small businesses.
Vendors have sales and distribution offices in several countries, allowing them to expand their market presence and customer base. Metal cans are becoming more popular in applications like food and beverage packaging. As a result, significant customers of the industry include global beverage firms such as The Coca-Cola Company, PepsiCo, and Red Bull.
Procurement Resource provides latest prices of Tin Can. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Tin Can for several regions around the globe, which are as follows:
About Tin Can:
A tin can is basically a container, that in appearance is usually cylindrical. It is made from sheet metal coated with tin. A tin can be widely utilised for n number of purposes, such as storing food or beverages. It is known to be highly versatile as it protects the content from moisture.
In the production of Tin Can through three-piece drawing process, the bottom of the can is welded separately and then the ears of the can are trimmed. It is then cleaned and imprinted, from where it goes for necking.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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