Lately, Suqian Zhongji Tire Co., Ltd., Anshan Dazhong Tire Co., Ltd., Shandong Haoyu Rubber Co., Ltd., Chaoyang Huaxing Wanda Tire Co., Ltd. released notifications for price increase in succession.
Starting from July 20, ex-factory prices of Zhongji Tire’s butyl innertubes of all categories will increase 3%.
Prices of innertubes of Anshan Dazhong Tire will increase 3% on the basis of original prices.
Shandong Haoyu Rubber decided to increase prices of products with after-sale services up by 3%, and those with after-sale services providing exclusively by dealers up by 3%.
Among them, the price of 12.00R20 118 model will increase 3% after adding 50 yuan/tire to current price.
Chaoyang Huaxing Wanda Tire will increase its butyl innertubes up by 5%.
Before that, Shandong Huasheng Rubber Co., Ltd., Tangshan Zhongyuan Tire Co., Ltd., Shandong Chuanghua Tire Co., Ltd., and Weifang Huadong Rubber Co., Ltd. have released price notifications.
Starting from July 1, prices of the entire all-steel tire series of Huasheng Rubber will increase 5-10%.
These producers attributed the price increase to growing raw material prices.
Whether the tire industry will see a new round of price increase in July is yet to know.
An industry analyst said the small adjustment in tire price is to test the market.
