Last month, MBR discussed the potential outcomes of the annual tinplate negotiations
taking place in the USA during late 2016.
At the same time, negotiations were also taking place across Asia and Europe, although tinplate contracts in these regions are generally shorter in timescale – typically, lasting six months in Europe and being renegotiated quarterly in many Asian markets.
As January comes to an end, these negotiations have now been concluded and, as we expected, producers’ success in obtaining higher prices has been limited. Indeed, MBR understands that contract price increases have been settled at levels substantially below what most producers were hoping to achieve.
And while tinplate is a tiny market when compared with the overall carbon...