Chinese tire price may decrease with rubber price downturns
With tire's raw materials price showing obviously decline compared to the last year, China's tire price probably cut down in the future, analysts said.
Nowadays, natural rubber price fluctuated between 10,000 to 11, 000 yuan/ton, largely dove compared to the beginning of 2017; polybutadiene price decreased 50% to 12,500 yuan/ton compared to 25,000 yuan/ton in February 2017; and carbon black price steadily increased.
Analyst Jiang Xiao Lei said, natural rubber price would keep down trend in the future, polybutadien and carbon black price also might show downturn. Parts of Chinese tire brands and foreign brands has cut ex-factory price by 3% to 9% in June, compared to the beginning of 2018.
Jiang said, if raw materials keep declining in the future, tire price will be hard to keep steady.
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