On March 7, 2022, Linglong Tire issued two price increase notices in a row, and it has not been a week since Linglong last issued a price increase notice.
As mentioned in the last price increase notice, the prices of some raw materials and bulk raw materials fluctuated at a high level. On March 1, prices rose, and tire prices are expected to rise again in April. March is not over yet, and the price increase notice for April has come out. From April 1, 2022, the prices of the full range of PCR products in the domestic retail market will increase by 3%-5%. From April 1, 2022, the price of the full range of TBR brand products in the domestic retail market will increase by 3%-5%.
On March 1, 2022, Guizhou Tire issued a notice of tire price adjustment: As mentioned in the notice, the company's costs have increased due to rising raw material prices. Therefore, from March 1, 2022, the price of all-steel TBR products will increase by 2%-5%.
The most mentioned in the price increase notice is the increase in commodity prices, tire companies cannot bear the pressure, and operating costs increase. Therefore, we can see the final price of raw materials for tire production. Are tire prices still increasing to digest the sequelae of the sharp rise in raw materials last year?
Natural rubber prices continue to be weak and volatile. At present, the global natural rubber supply is at a low point throughout the year, and the rubber rains and floods in Southeast Asia have accelerated the production reduction; however, the domestic rubber cutting period is expected to be normal. In addition, domestic natural rubber is still at a high level in terms of domestic inventories.
But when it comes to importing natural rubber, it is necessary to mention the shipping price. On March 1, local time, the Egyptian Suez Canal Authority announced an increase in tolls for ships including oil tankers. Tolls will increase by 10% for oil tankers and 7% for LNG carriers and other general cargo ships.
From this point of view, the price of imported natural rubber is still high and it seems to be spending money on the road. Last week, the business club talked about the price of silica: the mainstream price of silica is about 6,100 yuan / ton, and the main operation is stable, and there is no significant change compared with the same period last week. But compared to last year, the price has increased a lot. After all, the price of silica in January 2021 has not exceeded 5,000 yuan/ton.
Generally speaking, the price of synthetic rubber will pay attention to the price of butadiene. From February 25th to March 4th, the domestic butadiene market price rose from 8,372 yuan/ton to 8,511 yuan/ton, an increase of 1.65% within the cycle, a month-on-month increase of 32.24%, and a year-on-year increase of 1.16%. The price of synthetic rubber has risen sharply, and the price of crude oil has also risen.
From the perspective of the overall raw material price market, the price of synthetic rubber rose slightly. Prices of natural rubber and carbon black, the main raw materials used in tire production, have not risen significantly, and have even fallen slightly from before. This also shows that, in fact, domestic tire companies are still digesting the impact of the sharp rise in raw material prices in 2021.
After all, judging from the financial reports of tire companies, increasing revenue without increasing profits is a headache for tire companies. In general, the price increase of domestic tire companies is not as good as that of foreign tire companies. According to foreign media reports, well-known tire companies have risen several times a year, and each time the price has risen by about 10%, or even more than 20%. Their financial report also mentions this, and the current profit is maintained through multiple price hikes.
But that doesn't mean that the tire factory bought last year made money. After all, the downstream market is sluggish. The car can't run, and the goods can't be sold. Upstream price increases, tire shops can only promote survival.
The price of Shenyang LONGGREEN release agent has currently withstood the pressure of raw materials, and the price has not been raised for the time being. Shop now!
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