Recently, tire prices across the country showed a rising trend, which is mainly due to the combined effect of various factors.
First of all, the rising price of raw materials is to promote the important factors of tire prices. The main raw materials for tires include natural rubber, synthetic rubber and carbon black, etc. The prices of these raw materials have continued to rise in recent years, resulting in increased tire production costs. In particular, natural rubber, due to the tight supply in the main producing areas as well as some producing areas affected by bad weather, its price rose by about 19% compared to the same period last year. In addition, a variety of synthetic rubber prices are also showing an upward trend, further pushing up the production cost of tires.
Secondly, the increasingly stringent environmental policy also has an impact on tire prices. In order to comply with environmental emission standards, tire companies need to invest more money for environmental protection facilities and production process upgrades, these additional costs will ultimately be passed on to the tire price.
In addition, the supply and demand in the tire market is also one of the reasons for the price increase. Recently, a number of tire companies full of orders, especially the strong demand for semi-steel tires, orders and even more than the capacity load. Overseas orders are also in short supply, with the continued recovery of the domestic economy and overseas market demand, the tire industry recovery momentum. This imbalance between supply and demand has allowed tire prices to rise.
For consumers, they need to pay attention to the market dynamics and make reasonable arrangements for purchase plans. At the same time, tire companies should also strengthen cost control and product innovation to meet the challenges of market changes.
