Six tire producers announce to raise prices
Another six tire enterprises announced to raise prices lately after 43 of their peers did so in the first half of Dec.
Starting from Dec. 12, prices of Double Coin’s bias tire series will increase 6%.
Fangxing Tyre announced that starting from Dec. 16, its engineering tire prices will grow 2% and prepayment won’t be accepted.
Jiaozuo Huanqiu Butyl Inner Tube’s tires increased from 0.5-5 yuan/unit by specifications.
Jiangsu Huaan Rubber Technology announced to increase the prices of its tubeless series by 3%, and increase those of tube tires by 2%, starting from Dec. 20.
Guizhou Qianjin Tire Sales’s all-steel tire and bias tire prices will increase 2%-5% on the basis of their prices on Dec. 1. The new prices will become effective from Dec. 25.
In addition, Chaoyang L&M Tire’s all product series will increase 3% from original invoice prices.
Most tire producers attributed the price lifting to growing raw material prices.
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- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
