Tianjia Rubber raises the price of tires by 50 yuan

The price of rubber rose by 300% in a year. Tire manufacturers generally raise prices by 10% to 15%. The industry expects price increases to continue until the end of the year. International natural rubber prices will increase from 8,000 yuan/ton to 27,000 yuan/ton, with a cumulative increase of more than 300%. Exceeds the historical record of 1952. Such high prices have finally made it impossible for downstream rubber producers to sustain themselves.
Some well-known tire manufacturers said in an interview that the increase in tire prices is a foregone conclusion, with an average increase of 10% to 15%. For economic tires, a 10% increase will require a price increase of 50 per tire. 70 yuan.
The rubber gloves also raised the price from the original one yuan to 1.3 yuan to 1.4 yuan.
Even so, analysts still expect natural rubber prices to continue in the context of increased demand, reduced production, and capital speculation.
Rising Costs Tire Prices Rise Again Rubber products manufacturers can only transfer cost pressures through price increases. The world’s major tire manufacturers including Bridgestone, Michelin, Goodyear, and Horse have raised their prices by 10% this year. 15%, there are manufacturers claiming that they are preparing a new round of price increases.
Taking the most mainstream economical car tires on the market as an example, the original price is generally 500 to 700 yuan each. If the price increases by 10%, each tire's increase is between 50-70 yuan.
Huang Qingyan, head of public relations at Hankook Tire Co., said in an interview with reporters that Hankook Tire raised the price of some commonly used products from September 1 this year, and the retail price increase range was roughly 2%-5%. Hankook Tire had twice raised its product prices in February and May this year.
In addition to the tire industry, daily necessities such as gloves and hot water bags are also quietly increasing prices.
Qingdao Yuen Trading Co., Ltd. is a company engaged in the production and operation of rubber gloves. Wu Yuyu, the person in charge of the company, said in an interview with reporters that the cost of rubber has risen and the pressure on small companies such as these is very high. Since August of this year, their cost has risen by more than 30%, and the price of gloves has also had to rise. "Not only our family, the entire industry is in the price increase, otherwise there is no profit at all," said Wu Yuyu, the original ultra-thin latex gloves wholesale out of 1 dollars, now sell to 1.3 yuan to 1.4 yuan, the current rubber The price of the glove industry has shown an increasing trend, and some companies have already conducted the second round of price adjustment.
Hot money strikes into astronomical rubber behind the scenes China National Rubber Industry Association secretary-general Deng Yaxi said in an interview with reporters that the recent skyrocketing price of natural rubber, in addition to the supply gap, the main reason is that funds have entered since September, in the "demand tension" Against the backdrop of hype.
She believes that the current price of rubber has far exceeded the normal range. At present, all related rubber products have been affected by this round of price shocks, especially tire companies. According to the data from the Tire Branch of the Rubber Industry Association, the company’s cost expenses increased by 30% year-on-year, loss-making companies increased, and the loss reached 20.9%.
Deng Yachen said that the cost crisis of tire companies is likely to affect the downstream automotive industry. Therefore, in order to stabilize the price of rubber, the Association will call on the government to sell the reserve rubber, and at the same time call on the government to reduce the rubber import tax to ease the current pattern of supply and demand.
Strong demand or difficult to ease However, foreign analysts expect that the momentum of rubber prices at high levels will not weaken for the time being. The supply of natural rubber is insufficient, but the demand for it is increasing.
The Association of Natural Rubber Producing Countries predicts that strong growth in demand for cars and lower production will force China's rubber imports to increase by 41.5% in the October-December quarter.
Industry insiders expect that this round of tire inflation starting from September will continue until the end of the year. Dealers across the country may raise prices by the end of the year due to different inventory levels. If rubber prices remain high in the future, a new round of price increases will be inevitable.