Various negative effects in 2021 have not been eliminated. The Russian-Ukrainian conflict in early 2022 has added many difficulties to the operation of the tire industry, and the sea freight price may double.
In fact, many tire companies expressed concern about shipping prices. Brent crude prices soared to their highest level since 2014 — above $105 a barrel — amid concerns about energy supplies (both Russia and Ukraine), with data likely to increase by 20 percent in the coming weeks, according to publicly available data. Some shipping lines have announced that emergency bunker surcharges will be imposed in response to possible high freight rates.
While the surcharge was still being discussed, bunker fuel prices in Rotterdam hit a new high in the week of February 21, accumulating an increase compared to the beginning of the year. This is also the highest point for bunker fuel prices since late 2019, according to reports. In addition, Rotterdam's low-sulfur fuel oil (LSFO) surged more than $30 to $731.50 a tonne on Thursday, up 40 percent since December, according to media reports.
As of the end of February, arrival delays have not eased. The data showed that in January, the accuracy rate of departure services on major routes from Asia to the West Coast of the United States was only 11%, which has remained low.
Spurred by a series of news, such as rising fuel prices, increased surcharges, and insufficient on-time arrival rates, major manufacturers are pessimistic about freight rates this year. Many shipping lines have received freight pre-orders. Last year, the container booking scene resurfaced months in advance. The difficulty in finding a box still plagues the export of manufacturing enterprises, and also affects the import of raw materials of manufacturing enterprises.
In fact, in the economic environment that leads the whole body, the rise in freight rates will inevitably affect the price changes of raw materials; in addition, as the main producing area of ??some chemical materials, under the conflict between Russia and Ukraine, the prices of chemical materials also have many Uncertainty. At present, tire companies are most worried about the supply and price of synthetic rubber. Since Russia is an important supply and distribution center for synthetic rubber in the world, especially one of the major producers of butyl rubber, the conflict between Russia and Ukraine has also affected synthetic rubber. The supply price of rubber has had an impact.
In January 2022, butyl rubber prices have been at high levels due to rising crude oil prices. This week, the emergency has pushed raw material prices to higher levels - as of the end of February, the market price of butyl rubber has risen to 17,500-25,000 yuan/ton. Prices are likely to continue to rise with high demand for operating rates.
In addition, the price of nitrile rubber has reached 24,100 yuan/ton at the end of February, an increase of nearly 2% in just two months, or about 400 yuan per ton; in addition, on February 23, the price of Russian nitrile rubber 2665 and Russian 3365 were quoted. It is 23800 yuan/ton.
In view of the current international situation, it is difficult for the price of synthetic rubber to fall within a period of time. In the case of rising transportation costs and raw material costs, tire companies can only seek profits by raising prices.
Shenyang Longderun Technology Co., Ltd. is a high-tech enterprise focusing on providing high-quality products and professional services for the domestic rubber products and tire industries. At present, there is no price increase for products such as rubber release agent, water-based release agent, tire dynamic balance lubricant, etc. For those who need it, come and buy it. Contact Manager Liu: 136-4490-7299.
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