Aluminium Can Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Aluminium Can in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Aluminium Can Price Trend for the Second Half of 2023

Aluminium cans are produced using aluminium sheets and are heavily consumed by the beverage and packaging industries for various downstream applications, mainly as packaging materials. So, the market behavior of the aluminium can industry relies majorly on the metal aluminium prices and the purchasing patterns of the consumer industries. During the second half of the year 2023, the prices were observed to be oscillating for the entire period.

Aluminium Can Price Chart

Please Login or Subscribe to Access the Aluminium Can Price Chart Data
 

The summer months of the third quarter still saw a higher consumption compared to the fourth quarter which prompted a better market performance during this time. However, a glutted inventory situation and dull demands pulled the prices back down in the following quarter. Overall, a dull market performance was witnessed for aluminium cans in H2’23.

Analyst Insight

According to Procurement Resource, the Aluminium Can price trends are likely to remain downward in the coming months; given the current inventory situation, the prices are expected to continue tottering.

Aluminium Can Price Trend for the First Half of 2023

The price trend of aluminium can was most affected by its raw material, i.e., aluminium sheets. The aluminium sheet market in H1’23 followed a downward trajectory in the Asian Pacific market. The decline was supported by the weak demand from the downstream construction industries in the first quarter of 2023.

The market improved slightly in the mid-quarter as the downstream industries started recovering with improving market dynamics but soon the trend bounced back to its previous course and declined gradually throughout the second quarter of 2023.

A similar trajectory was seen in the European region. The supply from Russian traders declined as a direct consequence of the ongoing Russia-Ukraine war, which forced the manufacturers to reduce their production rates, which negatively impacted the aluminium can price trend in the first quarter.

The market, however, improved significantly in the second quarter, with a recovery in the downstream automobile market. In the US domestic market, the reduced number of offtakes, weak demand, and soaring input costs due to rising inflation rates led to the decline in aluminium can prices. But the region regained its speed in the second quarter of 2023; the automotive industry, along with electric vehicles, improved its sales numbers, and with the stacking number of new orders, the market got back on track.

Analyst Insight

According to Procurement Resource, the price trend of Aluminium Can is expected to depict an oscillating trend as the automotive and electrical sectors are in recovery mode, which is expected to support the aluminium can market.

Aluminium Can Price Trend for the Second Half of 2022

Globally a declining trend was recorded in the prices of aluminium cans for the second half of 2022. A decrease in consumer demand coupled with the falling feedstock aluminium prices negatively impacted the price trend.

The Chinese lockdown pushed people to stay home for a very long period, affecting their consumption patterns which along with power rationing and industrial shutdowns led to a fall in demand and thus, the prices. Even with the low availability no significant impact was made on the aluminium can prices as the previous high prices led to the phenomenon of demand destruction in the market.

Europe amid the Russia-Ukraine war struggled with an acute energy crisis and runaway inflation which had a serious impact on the purchasing power of people. As the costs of living took a high hit, consumption of aluminium cans went the other way, plummeting the aluminium can price further. North American region too registered a low demand and fluctuating price trend for aluminium cans.

Analyst insight

According to Procurement Resource, the aluminium can prices are likely to remain volatile in the coming months. However, as the demand and prices of feedstock aluminium rebound, it will directly strengthen the aluminium can prices too.

Aluminium Can Price Trend For the First Half of 2022

Owing to the trade bottlenecks, geopolitical sanctions, surging crude oil prices and abnormal inflation levels, the price of aluminium cans has been rising steadily throughout the first half of the said year. Due to the unprecedented rise in power costs, the prices of metals such as Aluminium exploded, which directly impacted the price trend for aluminium cans.

The major issues the producer faced were how to keep the production costs down amid the alarming level of metal prices. In China, the price of aluminium ingot averaged 21840 RMB/MT. With the renewed production in the Chinese market, the inventories fell, thereby supporting the high supply-side costs. In line with the Asian market, the aluminium price averaged 2865 USD/MT in Europe and 2408 USD/MT in the USA during the said period.

Procurement Resource provides latest prices of Aluminium 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.