Recently, a new wave of tyre raw material price hike has come again!
December 3, 2024 rubber main price again broke through 18,000 yuan, the price per tonne
of 18,845 yuan, and the rubber main price is still showing an upward trend. 18 November 2024,
the price of natural rubber is still at 17,155 yuan per tonne. However, in half a month's time,
the rubber price has reached 18,845 yuan, straight to 20,000 yuan per tonne.
On 26 November 2024, Kraton Corporation, the world's leading supplier of specialty polymers,
announced that it would increase the price of all its styrene butadiene rubber-cis-isoprene rubber (SIS),
the synthetic rubber that is so important to tyre manufacturing, by RMB 2,391 per tonne (US$330 per tonne)
on 1 January 2025. The price of synthetic rubber is also rising!
US carbon black supplier Cabot Corporation, on the other hand, has announced that, from 1 December 2024,
it is raising the price at which it sells its speciality carbon blacks globally. The price increase is due to the impact
of inflation on labour costs, equipment maintenance costs and other costs associated with manufacturing operations
and the supply chain. The price increase varies by carbon black variety and origin.
Various costs such as rubber mainstay, synthetic rubber and carbon black are rising and other costs for tyre companies
are also increasing. Therefore, although stockpiling at the moment may bring financial pressure, but in order to long-term
business and retail channel stability, stockpiling is still a necessary move. Especially with the trend of higher and higher prices
of raw materials, now do not stock up, I am afraid that the future business will be more difficult!
