Chinese 27 tire firms raise prices in December
China saw 27 tire manufacturers announce higher tire prices since the beginning of December, including three public firms.
Most of the manufacturers have decided to raise tire prices by 2-5 percent, except that Chaoyang Huaxing Wanda Tire would lift its OTR tire price by 9 percent.
The three public firms are Jiangu General Science Technology, Sailun Jinyu and Qingdao Doublestar.
Fangxing Rubber has twice raised prices of all-steel radial tires since December 1.
Some raw material prices have also been raised. For instance, Cabot (China) Investment Co. Lifted imported carbon black price by 8 percent, and Chinese carbon black pricce by 1,200 yuan/ton (tax excluded).
Meanwhile, wheel manufacturers such as Zheng Xing Group and Xiamen Sunrise Wheel have raised wheel prices.
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