Tinplate is one of the most commonly used materials in the world. It is corrosion-resistant, non-toxic, strong and ductile. It is mainly used in the transport and packaging industries and is traded globally in both developed and developing countries. The price of tinplate fluctuates according to the current state of its main industry and is therefore subject to a number of external factors. One of the most common factors affecting the price of tinplate is the demand for electricity in any given area. A lot of energy is needed in the process of making tin plate, and the change of electricity price will directly affect its cost. This could lead to smelters being relocated or even shut down entirely.
Packaging is the biggest market for tinplate in developed countries, especially in food packaging. Advances in new, lighter materials and their availability will eventually lead to lower demand for them and their prices. The packaging industry is expanding its use of new types of tinplate materials in an effort to reduce the amount of tinplate used. Undoubtedly, this will have a profound impact on the Horse mouth iron market.
Although tinplate depends on such a volatile market, the price of the material has remained historically high. Production inventories are at their lowest level in decades and demand from countries such as India and China has surged. The trend is also evident in other metals, such as copper, zinc and lead.
Because of their global consumption and production, raw material prices are highly vulnerable to economic and exchange rate changes. The recession, The rapid growth of China's economy and the gradual decline of the dollar are all factors that cause the price of tinplate to fluctuate over time.
No wonder that the price of such a global commodity is as variable as where it is made and sold. In advanced economies, prices are relatively stable, but as long as they are used in large global transport and packaging industries, they will inevitably be correlated with current market fluctuations.