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Tire export in Dongying increases 11.3% in Q1 - Q3

In recent two months, tire export in Dongying, Shandong Province, kept declining. Statistics showed that there were 14.73 billion yuan of tire export in the first nine months, year-on-year increasing 11.3%, which meant that there were only 1.64 billion yuan of tire export in September, monthly declining.

In the first nine months, there were 1.59 billion yuan of natural rubber import in Dongying, Shandong Province, yearly decreasing 17.5%, and 520 million yuan of synthetic rubber import, yearly down 23.4%. 

Statistics showed that growing tire export price is a key reason for export value growth. 

In the first nine months, there were 180 million units of new pneumatic tires from Shandong ports, year-on-year increasing 4%, which accounted for 43.98 billion yuan of export value, yearly up 4.8%, and average export price was 244.4 yuan per unit, yearly up 0.8%. 

With carbon black and rubber acid price staying high, tire export price also stayed at growing.

Tireworld