Categories

Contact Us

Qingdao NAMA Industrial Co.,Ltd

Address: Room 2601, Shuangfu Building, No.887, Tong'An Road, Qingdao, China

E-mail: amanda@nama.cn

Tel: +86-532-85027077

Fax: +86-532-85027677

The Tire Industry's Price Hiking Is Spreading

- Nov 21, 2018 -

Recently, tire companies at home and abroad have once again set off a wave of price hikes. Since October 1 this year, more than a dozen tire manufacturers have raised their prices. The companies that have increased their prices include domestic manufacturers such as Linglong, Zhengxin, Aeolus and Prinx Chengshan, as well as foreign tire brands such as Cooper, Kumho and Bridgestone.

 

In addition, in November, the number of companies that announced price increases suddenly soared. International brands such as Pirelli, Michelin and Goodyear have joined, and they have also swept the domestic companies such as Sailun, Yuan Feng, Yanchang and Sentury. This price increase directly spread to 2019, Pirelli, Continental and Toyo will increase their price of tire products in the United States on January 1st, 2019.

 

Experts said that as the Winter heating season approaches, environmental supervision will be further intensified, which will definitely have a huge impact on the supply of chemical raw materials needed for tire production. At the same time, logistics, warehousing, and labor costs are rising further. It is imperative for tire companies to raise prices in order to better ensure profitability.

 

No.

Manufacturer

Product

Percent   of Increasing

Date

1

Pirelli

PCR in   USA

6%

2019.1.1

2

Continental

PCR and   LT in North America

6%

2019.1.1

3

Toyo

All tyre   in USA

2%

2019.1.1

4

Michelin

PCR in   USA

5%

2019.1.1

5

Goodyear

Commercial   IN USA

4%

12.1

6

Sentury

All tyre   in USA

3%

12.1

7

BCT

All tyre   in USA

3%

11.15

8

Yanchang

Invoice   tyre price

2-4%

11.15

9

Sailun

Invoice   tyre price

2-3%

11.10

10

Yuanfeng

All tyre

2-3%

11.10

11

Bridgestone

All tyre

10%

11.09

12

Jinyu

All tyre

2-3%

11.01

13

Giti

Truck   tyre

10%

11.01

14

Wanli

PCR

3%

11.01

15

Alliance

All tyre

4%

11.01

16

Ningxiashenzhou

Invoice   tyre price

2%

10.28

17

Advance

All tyre

3%

10.20

18

Linglong

All   steel truck tyre

3%

10.10

 


Previous: GSO Members - NAMA TIRE Has Got GSO Ceritificates Next: EU PUBLISHED FINAL ANTI-DUMPING & ANTI-SUBSIDY TARRIFF TO CHINESE TRUCK TYRE

Related News

Related Products