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Listed companies can't stand
On February 1st, the Spring Festival has not yet finished and the racing wheel Jinyu will continue to increase the tire invoicing price, which is an increase of 5%.
Tire prices rise
Unlike many companies that have raised their prices substantially at one time, the price increase strategy for dual-tire tires is a small weekly increase.
On February 6, Shanghai Double Money Tire Sales Co., Ltd. issued a price increase notice.
Since February 13th, the replacement light truck, load-carrying, and tubeless series all-steel tire products have risen 3% on the basis of the January 26 price list.
Since February 20th, the price has been raised by 2% again on February 13th.
The brands involved in the price increase include double money, back force, Wan Shida, leap, and super fleet.
Double money tires indicate that rising raw material prices have caused rising manufacturing costs, which has seriously affected the company's operations.
They want to get the understanding and support of the dealers, and urge the retailers in the jurisdiction to sell at the suggested retail price.
From February 16, the price of all-steel tires and bias tires for Guizhou Forward Tire Sales Co., Ltd. has been raised by 5%.
The price increase includes stock tires that are processed in a “three packs†buyout manner, and second- and third-class tires.
The company warned dealers in a price increase notification that it may also make further adjustments to the product price.
Pressure on factory costs remains high
From February 7, Chinachem Rubber raised the ex-factory price of tire products in the third round.
The prices of this brand are Chaoyang, Risheng, and Ounett; the price increase products are electric vehicles, electric motorcycles, electric three-wheeled bicycles (including trolleys), motorcycle tire repair market products; 5%.
A large domestic tire company executives said that although manufacturers have raised tire prices several times, the adjustment rate is much lower than the increase in raw material prices.
He believes that this huge cost pressure, tire manufacturers are not completely passed on to tire dealers, retailers and consumers, all by the factory itself.
According to its analysis, according to the current prices of raw materials, tire prices will increase by 20%-40% on the basis of mid-February.
International brands may increase
Recently, 9 new sales of Zhengxin Xiamen Group announced the tire price adjustment notice.
From March 1, Zhengxin will increase the price of passenger car and semi-steel light duty radial tires.
For this price increase, Zhengxin explained that if they encounter raw material changes or market changes, they can adjust prices at any time.
Some industry analysts believe that the general price increase of international brands should be after April, because manufacturers will focus on purchasing raw materials for the next year.
Increasing prices continue to increase
According to the Tire World Network, almost all domestic tire companies entered the 2017 year and were forced into the ranks of rising prices. The price increase has long been a common phenomenon in the industry.
Starting from February 4, Shandong Wegel Group's all specifications tires rose 15%.
From February 6th, Shandong Hongsheng rubber bias tires prices rose by 5%.
From February 6, Chaoyang Huaxing Wanda tire inner tube prices rose 25%.
From February 7, the export prices of all-steel tires for Shandong Haohua Tire increased by 15%. This price increase was based on the increase in January. On January 13, Haohua Tire announced a price increase for all-steel tires, which was increased by 5% from January 20.
From February 7, Shandong Hongyu Rubber's all-steel tire prices rose by 10%.
From February 7, Qingdao Pingdu Honghua rubber tire prices rose by 10%.
From February 11th, the price of all tire products of Pulin Chengshan increased by 6%.
In addition, Qingdao Xingheng Tire, Baichuantong Rubber, East China Rubber, and a number of tire trading companies have all announced price increases recently.
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