The Price of Natural Rubber Exceeded 17,000 Yuan/Ton! Tire Prices Have Gone Crazy Again!
The tire industry in 2021 will be heartbeat! The price of tires skyrocketed as if stepping on a hot wheel.
The first is that the price of natural rubber has set a new record in the past three years! The price of natural rubber exceeds 17,000 yuan, a record high!
On February 25th, natural rubber futures prices continued to rise, reaching 17,090 yuan/ton, and reaching 17,335 yuan/ton at the highest.
According to the natural rubber futures price chart since 2021, the price of natural rubber rose from 13,570 yuan/ton at the beginning of the year to 17,280 yuan/ton, an increase of 3710 yuan per ton, an increase of about 27.34%. The high price of natural rubber after the year has become the biggest reason for the crazy price increase of tires.
Nearly 90 companies announced price increases!
Recently, many tire companies have issued notices of price increases.
Pirelli: Our company has decided to adjust the factory price of tire products from March 1, 2021. For specific product price lists, please consult our sales staff. After this price adjustment, the prices ordered by distributors will be in the standard price list. Price execution. Our company will adjust product prices according to the changes in raw material prices in the future, and hope your company's understanding and support.
Yuelong: After the company's research and decision, since March 1, 2021, the price of various brands of Yuelong rubber will be increased by 3%.
Huasheng Rubber: After careful research and decision by the company, the price of PCR products of its brands Compassion Tire, Hyundai Tire, Shield Wheel Tire and Kodak Tire will be increased by 3%-5%, and the specific price adjustment will be based on "March 1, 2021." The new price list" shall prevail!
According to statistics, since 2021, nearly 90 companies have announced tire price increases.
In this wave of price increases, 33 companies (brands) including Zhongce Rubber, Triangle Tire, Huaxing Wanda, Haoyu Rubber, Shandong Jinyu Tire, Zhongda Zhongda, Zhengxin Rubber, and Jianda Tire took the lead in the A price increase was proposed one day. The price increase orders of Pulin Chengshan, Hua'an Rubber, Shandong mg and other companies in March have been released. Michelin China led the announcement of April price increases. On April 1, the prices of some Michelin products will increase by 3%, pushing the tire price boom into April.
Tire price increases are already a global act. In the North American market, Bridgestone, Indian Apollo, Yokohama, etc. have taken the lead in raising prices. In the European market, South Korea’s Nexans and France’s Michelin have announced price increases, and in the Korean local market, Hankook and Kumho have announced price increases.
Many dealers received price increase notices, and some agents increased prices 5 times in 5 months
Wang Chao is the general agent of Zhongce Rubber All-Nuo Tire in Henan. According to him, since October 2020, five price increase notices have been received, with an average price increase every month. According to different categories and models, the cumulative increase has reached 14% to 17%. It is understood that many tire dealers in Zhengzhou have received notices from manufacturers of price increases. In addition, dealers claim that the price of commercial vehicle tires has increased more than passenger vehicle tires.
As for why tires are "rising", look at today's natural rubber prices to understand. In September 2020, the price of rubber was only 8,000 yuan/ton, and now it has skyrocketed to 17,280 yuan/ton. It is true that the increase in raw material prices is the main reason. Wang Chao believes that foreign tire companies are under-starting due to the epidemic, and the large number of domestic brand tires are also a factor pushing up tire prices.
It is a fact that tires have risen, but how long the price increase will last, and whether it will continue to soar in the later period, wait and see!
