The Tin Can Price Index closely tracked fluctuations in the costs of its primary components, namely tin metal and tin plates. Thanks to the abundant natural availability of tin, the market for tin cans exhibited a demand-driven nature, with supply being less influential. The manufacturing process of tin cans, known for its resource-intensive nature, played a significant role in shaping market dynamics. A consistent factor contributing to stable upstream costs was the reduction in freight and energy expenses.
In the Asian market, heightened demand from the beverage industry during the Lunar New Year initially drove prices up, followed by a decline in Q1 and a subsequent resurgence in the summer months. Conversely, European tin can prices experienced a dip due to lower demand related to winter and production impact from inflation. Although Q2 witnessed improved trade and demand, prices remained persistently low due to high inventories. This overall market scenario can be encapsulated through the Tin Can Price Index.
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Definition
A tin can refers to a cylindrical container made from sheet metal, usually steel or aluminum, coated with a thin layer of tin to prevent corrosion. It is commonly used for packaging various products, such as food, beverages, and household goods. Tin cans are known for their durability, protection, and ease of storage.
Key Details About the Tin Can Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Tin Can in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Tin Can Price chart, including India Tin Can price, USA Tin Can price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Tin Can Price Trend:
Tin cans play crucial roles across various industries as adaptable packaging solutions. Utilized extensively for the preservation and distribution of food, beverages, and consumer goods, they provide robustness and safeguard against contamination and external elements. Their usage spans across cosmetics, chemicals, and various other products, establishing them as a fundamental preference for secure and efficient storage and transportation.
Key Players:
- Crown Holdings, Inc
- Zenith Tins Pvt. Ltd
- Kaira Can Company Limited
- Rolta Containers
- Nikita Containers Private Limited
- Hindustan Tin Works Ltd
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