Rubber prices ferocious tires follow high jump

The recent high prices of international rubber prices have affected the tire industry's second wave of price increases this year. The prices of imported and domestic tires in the Zhengzhou market have risen to varying degrees, among which the price of imported tires has increased by as much as 5% to 10%.

● Imported tire prices rose by 5%~10%

On September 15, Wang Wei, the manager of Michelin Chijia Tire Store, told reporters that the Michelin tires sold in the store had started to rise in price from last month, which was an increase of 5% to 10%. "16-inch imported Michelin tires rose from 685 yuan / article to 700 yuan / article, each rose 15 yuan, 17-inch imported Michelin tire prices before the 720 yuan / article, the current price is 750 yuan / article, each The article has risen by 30 yuan, and the BMW 3 Series has dedicated 16-inch imported Michelin tires, each of which has also risen by 60 yuan, said Wang Wei.

In fact, the biggest increase this time is the imported Michelin tires for the BMW 7 Series. Wang Wei told reporters that one month ago, the 18-inch imported Michelin tires for the BMW 7 Series were sold for 1,800 yuan each, and they have now sold for 2,100 yuan, each of which has gone up by 230 yuan.

Wang Wei said that compared with imported tires, this time domestic tires have also increased their prices, but the increase has not been as fierce as imported tires. “As Kumho, Hankook and other tires, the basic price of each tire rose by only 5 yuan.” The price of horse tires has generally risen by about 60 yuan/barrel, with an overall increase of 10%.” Mr. Chen, head of the German brand tire franchise store, told reporters that in the spring of this year, domestic tires had caused a wave of sharp price increases. The price increase of sub-imported tires was the second wave of price increase in the Zhengzhou tire market this year.

● Domestic tire market or reshuffle

Henan Fengshen Tire Co., Ltd. Secretary of the Board of Directors Han Faqiang told reporters that the collective price increase in the tire market is mainly due to the sharp rise in rubber prices. As the price of natural rubber in the international market has risen sharply, the price of raw materials needed to manufacture tires this year has risen by almost 40% from last year, which has caused a significant increase in cost pressures for many tire companies.

In addition, the increasing demand for tires in the domestic automotive industry is also a factor that drives tire prices. Han Faqiang said that because of rising rubber prices, the company’s production costs have increased. At present, Fengshen Tire has increased the ex-factory price of tires. The price of tires in the future will certainly rise, but the specific increase will depend on the extent of the increase in raw material prices. “During the spring drought this year, rubber prices have risen, which has caused no small impact on domestic small and medium-sized tire companies. At present, the price of natural rubber in the international market has reached the highest price level in history. For these companies, it is a major hit.” Han Faqiang Say.

For many tire companies in the country due to the rapid increase in sales volume in the tire market in recent years and plans to increase production capacity, Han Faqiang said: "After blind expansion of production, once the raw material prices fell sharply, then the tire market will set off a fierce price war, some strength A weak tire company is likely to go bankrupt, and the market is faced with reshuffling."