Tin Can Price Trend and Forecast

Tin Can Regional Price Overview

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

Tin Can Price Trend for Q1 of 2025

The first quarter of 2025 saw a notable upward trend in tin can prices across global markets as manufacturers grappled with soaring raw material costs. The packaging sector felt immediate impacts when upstream tin values hit multi-year highs following production disruptions in key mining regions.
 

Tin Can Price Chart

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Food and beverage producers faced difficult decisions as packaging expenses climbed, with many implementing modest price adjustments on their canned product lines. Large companies leveraged their purchasing power to negotiate better terms, while smaller independent packers struggled with tighter margins.

Regional variations emerged, with Asian manufacturers experiencing the earliest price pressures, followed by European producers and then North American packagers. Some companies explored thickness reductions in non-critical applications, while others accelerated research into alternative coating technologies to reduce their tin dependency.

Consumer packaged goods companies reported varying strategies, with premium brands absorbing some costs to maintain market positioning, while value-oriented products saw more direct price pass-through to maintain viability.

Analyst Insight

According to Procurement Resource, continued cost pressures is anticipated in the Tin Can market through mid-2025, with potential relief coming only if mining operations normalize and global logistics improve.
 

Tin Can Price Trend for the Second Half of 2024

The prices of tin cans exhibited an oscillating trend in the second half of 2024. In the Chinese market, tin can prices closely followed the trajectory of tin metal, its primary feedstock. Although the metal's prices fluctuated throughout the latter half of the year, they remained within a defined range. Reports of a potential resumption of mining activities in Myanmar led traders to anticipate a normalization of export levels. However, this expectation has yet to materialize in the coming months.

The limited supply of feedstock resulted in slight reductions in refined tin production in Yunnan and Jiangxi, with earlier inventory levels being significantly consumed. Nonetheless, overall half-yearly production remained stable despite ongoing uncertainties. This constrained price movements within a narrow range and prevented any sharp increases. Overall, tin can prices remained closely linked to supply fluctuations in the upstream market.

Analyst Insight

According to Procurement Resource, the prices of tin can are expected to showcase similar movements in the near future as supply constraints and export levels of the feedstock will continue to affect the market.
 

Tin Can Price Trend for the First Half of 2024

Tin can prices saw a significant rally, nearing two-year highs, driven primarily by supply disruptions and geopolitical conflicts. Production issues in key tin-producing regions such as Myanmar, Indonesia, and the Democratic Republic of Congo led to tighter global supply. These disruptions, coupled with the uncertainty around the resumption of operations in Myanmar's Wa State and delays in export permits from Indonesia, kept the market on edge. As a result, tin prices remained elevated, supported further by fund inflows seeking to hedge against inflation and speculation around potential interest rate cuts.

In addition to supply-side pressures, the demand for tin showed resilience, particularly in China, where consumption rose in sectors like white goods, automotive electronics, and photovoltaics. However, despite this demand strength, some analysts predicted that tin prices might ease in the near term due to persistent inflation and a slower pace of semiconductor sales growth.

The financial markets reflected the volatile tin landscape, with net long positions by investment funds on the London Metal Exchange reaching record highs before stabilizing. Meanwhile, tin inventories in the Shanghai Futures Exchange warehouses surged, influenced by higher futures prices attracting more metal into the market.

Given these dynamics, the tin can market in H1 2024 experienced upward price pressure, reflecting the broader trends in the tin market. The ongoing supply constraints and steady demand contributed to sustained higher prices for tin cans, with market participants remaining cautious about future price movements. The overall sentiment suggested that, despite potential fluctuations, the tight supply and robust demand would continue to support tin can prices in the short term.

Analyst Insight

According to Procurement Resource, the price of Tin Can is expected to move further northwards with ample support from the downstream procurement rates and persistent supply crunch.
 

Tin Can Price Trend for the Second Half of 2023
 
Tin cans are directly crafted from thin tin metal sheets, primarily used to package, and sell beverages like soft drinks etc. So, the prices are usually dependent on the feedstock tin metal prices and the downstream demands from the packaging and beverage industries.

The prices fluctuated throughout the second half of the year 2023. The prices were initially facing downward as the inventories were pressurizing cost dynamics. Considering the high demand during the summer season, the manufacturers kept the production quantities high; hence, the markets were well supplied in the initial phase. After, watching the bearishness in the consumer market, the suppliers got cautious with supplies and bulk procurements.

Mining and export restrictions on feedstock tin metal from the major source locations of Myanmar and Indonesia also impacted the global tin supply securities. Overall, a tightened supply situation was felt in the latter phase of the said period. This put the prices on an elevated trajectory in the fourth quarter. Countries tried to diverge supply chains to Africa as more tin was purchased from the Republic of Congo; however, the overall trade scenario around tin cans still remained disrupted. Overall, mixed market trends were witnessed in H2’23.

Analyst Insight

According to Procurement Resource, Tin Can prices are expected to inch up going forward; the supply chains are strained, and the international markets are showcasing demands.
 

Tin Can Price Trend for the First Half of 2023

Tin Can prices mimicked the market prices for its feedstock tin metal and tin plates. Tin is one of the most readily available natural metals in the world. So, the supplies are usually not the determining factor; the tin can market is more demand-driven.

The upstream costs were stable and subdued during the said period as the freight and energy prices declined. The Asian market started high as downstream demands from the drinks and beverage industries started high in January in the wake of the Chinese Lunar New Year, but then declined by the end of Q1 and rose again after this declining phase as the summer season called for high demands.

On the other hand, the price trend for Tin Can started low in the first quarter in Europe as the high inflation affected production, and the winter season kept the demand low. In the second quarter, even though the trade around Tin Can improved, the prices swung low as high inventories still pressurized suppliers. Thus, the price trend for Tin Can kept towards the lower end of the scale during the first half of 2023.

Analyst Insight

According to Procurement Resource, the Tin Can prices are expected to continue oscillating since the inventories are still high and downstream demand is volatile.

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.