Although the price increase in the first half of this year was not fierce, but in July and August, the voice of tire price increase was getting louder and louder. After September, the price increase has been overwhelming, and this price increase was reached in October. The climax. And many tire companies have issued multiple price increase notices.
The reasons for the price increase are basically due to production and electricity restrictions, rising raw material prices, rising export shipping prices, and excessive pressure on enterprises.
Because of the policy of dual control of energy consumption in recent days, the price of raw materials has continued to rise, and energy consumption costs have been affected. In the near future, the price of all the company's brand products will be increased by 4%-6%.
Franshion Tyre On October 31, 2021, Franshion Tyre issued another price increase notice because the prices of rubber, carbon black, steel cord and other raw materials required to produce tires continued to rise. Starting from November 1, 2021, the price of all-steel radial tires will increase by 3%-5%.
Shenghai Rubber On the last day of October, Shenghai Rubber continued to issue price increase notices. Starting from November 1st, the prices of its two brands of all-steel radial tires have been increased by 3%-5%.
Shandong Huasheng Rubber issued a price increase notice again, and chemical additives are also rising in raw material prices. Starting from November 1, 2021, the prices of various brand series products will be increased by 3%-5%.
Qingdao Sen Kirin issued a price increase notice, starting from November 1, 2021, to adjust the prices of the company's passenger tire brands and product series.
Shandong Xinghongyuan Tire will increase the price of all three brands of snow tires by 4% from November 1, 2021.
Henan Guilun Tire will again increase 3%-5% for each series of products from November 1, 2021. And this price increase does not accept advance payment.
It is not uncommon for tire companies to raise prices. At least every day, there are people on the Internet publicizing the news that tire prices will increase. In fact, for the tire industry, profits are low and price increases are an inevitable trend, but it is not a price increase for the sake of price increase, and it cannot be a tool used by some people to disrupt the entire market.
Nowadays, the tire market is sluggish, making ends meet, coupled with rising raw materials, companies’ announcements of price increases are just in line with market trends, in order to ensure the normal operation of companies, but can price increases really save companies from the market downturn? Facts have proved that the market demand has been drastically reduced, and no one is spared from upstream factories to downstream distributors and retailers.
Of course, the market downturn has already appeared a few years ago, but this year's epidemic has worsened the downturn. As business becomes more and more difficult to do, many companies have to declare bankruptcy, and the "bankruptcy tide" has become a trend again.
Hundreds of tire factories in Shandong are slowly developing and expanding, but some small factories are just blindly operating and developing. Because the corporate leaders are generally less educated, the industry's awareness of the brand and the future of the company is very weak. It was barely able to maintain at the initial stage of the industry's development, but as the industry's competitiveness continues to increase, these companies are destined to be eliminated.
In recent years, the tire industry has been shuffling faster and faster, especially in a situation like this year, when companies and factories will be eliminated faster and more, which has led to a sharp increase in the pressure of competition among companies. However, through shuffling, we will eliminate tire companies with outdated production capacity, make the industry more standardized and better serve consumers, so as to truly achieve sustainable development.
Disclaimer: The picture materials and articles on this platform are from the Internet, so the copyright belongs to the original author. If you infringe your copyright and interests, please contact us. We apologize and delete it quickly. Source of the article: Tire Business
Latest news
- The Combination and Foaming Process of
- Famous tire enterprise with multiple d
- Ministry of Commerce Initiate a final
- The Effect of Carbon Black on the Cutt
- Stop work orders encounter rising pric
- Lanzhou Petrochemical's carboxylated n
Contact us
- ADD: Room 4210, CEC Business Hall, No. 121-4, Nanjing South Street, Heping District, Shenyang
- TEL: 13644907299
- FAX: 024-25361668
- E-mail: boss@long-green.cn
> Industry news