China's transport volume brings down tire market
China's transport volume on steel, coal etc. has been decreasing this year, which cut demands on tires.
China's truck tires and mining machinery tires takes 50% of tire industry market. When those two parts get gloomy, the whole tire market will be deeply affected.
In 2015, production and sales of China's heavy truck posted minus growth in recent years. Statistics showed that China produced 39896 units of heavy truck in September, year-on-year decreasing 26.52%; In the past nine months, China produced 402,539 units of heavy trucks, yearly down 31.63%.
Meanwhile, China's heavy truck sales slided down 23.2% in September and accumulated dived 29.8% in past nine months in 2015.
With U.S. leavies anti-dumping and anti-subsidy tax on Chinese tires, China's related tire companies cut their operation rate by 8-10%.
Meanwhile, due to RMB appriciation in recent years, main importers such as EU willingness to import tires kept down, which arose China tires price competition for export.
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