China's half-steel tire inventory reached historical high in May
Statistics from Sublime China Information showed that half-steel tire inventory in May has reached historical high compared to past years.
There were 19,722,400 units of half-steel tires stocked by ten producers, monthly increasing 8.41% and yearly increasing 46.34%, and some of them reaching 100% stocking.
In that case, those companies' operation rate in May was only 53.19%，monthly declining 5.4%, and yearly down by 17.65%.
Meanwhile, half-steel tire sales faces decline either. Statistics showed that sales of half-steel tire in May declined 12.04%.
Analysts said suffering export declining and dim replacement market in China, half-steel manufacturers have to cut production, and the trend would be hard to change until epidemic situation eased up.
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