8 tire companies lift price
Recently, four tire companies including Shanghai Double Coin, Wanli Tire, Xiamen ChengShin, Qingdao Doublestar, announced to lift tire price.
With raw material price rising, Shanghai Double Coin planned to raise 3% of tire price from March 18, and Wanli Tire planned to raise 3-5% of full-steel tire price from April 1.
ChengShin rubber plans to raise 2%-3% of PCR and LTR production price since April。At the same time, Qingdao Doublestar also raises its high-end tire price up 2%-3%.
Before that, Hongsheng Rubber, Continental, Chengshin Rubber etc., has announced to lift tire price from April.
Hongsheng Rubber raises price of HabILEAD brand; Yokohama raises machinery tire; and Trelleborg tire also said it will lift tire price from April in Europe. Followed, it will raise 10% in North American market, and 5% in the market.
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