Yes! The new price increase notice is coming again and again, and it is freshly made without any impurities!
Sailun Group
On September 12, 2023, Sailun Group issued a price increase notice: Due to the recent continuous increase in raw material prices, which has caused the company's costs to continue to rise, based on changes in production and manufacturing costs, it has been decided to increase the price of TBR products by 2% -3% starting from September 20, 2023.
Wanda Baotong Tire
On September 12, 2023, Wanda Baotong Tire issued a notice on tire price adjustment: Recently, due to various factors, some raw material prices have significantly increased, resulting in the company's manufacturing costs continuously increasing. Starting from September 20, 2023, the invoicing prices of all TBR/PCR/OTR brand product series of the company have been increased by 3% -5%.
Yuanfeng Rubber
On September 12, 2023, Yuanfeng Rubber Technology Co., Ltd. issued a price increase notice. It was also mentioned that due to the recent continuous increase in raw material prices, the cost of tire manufacturing and circulation has continued to increase, causing great pressure on the company's production and operation. Since October 1, 2023, the price of TBR products has increased by 3% -4%.
Triumphal rubber
Shandong Kaixuan Rubber has decided to increase the prices of all TBR brand products in the domestic replacement market of Kaixuan Rubber from September 25, 2023, based on the new pricing policy released by the company.
Weifang East China Rubber
Weifang Huadong Rubber is also targeting distributors in the domestic replacement market. It mentioned that the prices of some raw materials have continued to rise, leading to increasing manufacturing costs. Starting from September 25, 2023, the prices of all TBR brand products in the domestic replacement market will be increased.
Jinyu Tire
On September 11, 2023, Shandong Jinyu Tire issued a price adjustment notice, which will adjust the prices of its various brand products by 2% -3% starting from September 12, 2023.
Double star tire
On September 7, 2023, Qingdao Shuangxing Marketing Co., Ltd. issued a notice on tire price adjustment. The company decided to increase the invoicing price of all steel tire products by 3% to 5% starting from September 25, 2023.
Linglong tire
On September 6, 2023, Linglong issued a price increase notice, stating that starting from September 27, 2023, it will increase the invoicing prices of all PCR brand and product series in the company's domestic retail market by 2-5%.
Starting from September 27, 2023, the invoicing price increase for all TBR brand and product series in the company's domestic retail market will be 3% -6%, based on the invoicing price released by the company.
Price increase of Youke Haoma
Youke Haoma has issued a price increase notice, stating that it will increase product prices starting from September 1, 2023, with an average increase of 2%.
Rising prices of Qirun tires
On September 1, 2023, Qirun Tire (Texas) Co., Ltd. issued a price increase notice, and the company decided to increase the prices of some specifications of products by 1% -2% starting from September 1, 2023.
Dealers from multiple tire companies, including Jiangsu Yunda Tire, Yongsheng Rubber, and Zhengxin Tire, share news of brand price increases on their social media. Throughout all the price increase notices, all tire companies have mentioned that the reason for the price increase is due to the increase in raw material prices of tires.
Believe it or not, in the long silent tire market, tire price hikes have become a foregone conclusion, and a new wave of price hikes is about to begin. One after another tire enterprise price increase notice will push the tire price hike to another peak!
Of course, not only are tire prices increasing, but lubricant prices are also rising rapidly.
Rubber price explosion
On June 30, 2023, a silent outbreak of natural rubber broke out, breaking through the 12000 yuan/ton mark. The futures price of natural rubber skyrocketed, hovering from around 11000 yuan/ton in one day, directly breaking through the 12000 yuan/ton mark. Since that day, the futures price of natural rubber has been soaring like chicken blood, tirelessly advancing. As of the closing price on September 13, 2023, it has reached 14295 yuan/ton, an increase of over 20%.
According to relevant information, the Hainan production area is affected by rainfall and the release of raw material glue is not smooth. Raw material prices are supported and remain high, with fresh latex prices in Hainan reaching 12600 yuan/ton as of September 8th, a weekly increase of 1000 yuan/ton. The prices of raw materials in Yunnan are keeping up with the futures prices. This week, the price range of raw materials in the Xishuangbanna production area has risen. As of September 8th, the price of Yunnan glue was 11600 yuan/ton, with a weekly increase of 800 yuan/ton.
The price of carbon black skyrocketed
For the Chinese carbon black market, as early as last month, Cabot issued a price increase notice, announcing that it will implement a RMB 1500/ton increase in the sales prices of all special carbon black products produced in China starting from August 16, 2023.
Since the end of July 2023, the price of carbon black has bottomed out and rebounded from the bottom. Currently, the price of carbon black for rubber has exceeded the 10000 mark, and on September 11, 2023, the price of carbon black was 10766.67 yuan/ton. And there is also a continued upward trend, supported by the rise in upstream raw material prices. Supported by strong export orders, the tire industry has been operating at a high level recently, and the strong demand from the tire industry has provided strong support for the upward trend of carbon black.
Tires have increased in price, rubber has increased in price, lubricants have increased in price, and carbon black has increased in price, but what are the reasons for the price increase? The global rise in prices has also become a foreseeable trend. Although China is striving to maintain economic stability and control, in the current era of global economic integration, it is not easy to achieve "being alone" and not affected.
Due to the increase in raw material prices, the average cost of tire production will increase by about 1 yuan per kilogram. Taking a 12R22.5 tire as an example, if a regular tire weighs about 55 kilograms, the raw material cost of a 12R22.5 tire will increase by 55 yuan.
The higher the weight of the tire, the higher the cost of raw materials. In addition to the rising manufacturing costs, the average manufacturing cost of an all steel tire has increased by about 10%. However, currently, the price increase notices issued by tire companies have mostly increased by 3% -5%, which cannot meet the increase in raw material costs.
The depreciation of currency and the improvement of people's consumption level will only lead to an increase in tire prices in the future, gradually within a reasonable price range. However, in any case, the price increase has become a foregone conclusion, and the current tire price increase is far from enough. It is feared that tire price increases will continue in the future!
Disclaimer: The image materials and articles on this platform come from the internet, so the copyright belongs to the original author. If any infringement is caused to your copyright and interests, please contact us. We apologize deeply and promptly delete it. Article source: Tire Business
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