In the first 11 months of 2017, there were 458.42 billion yuan of rubber industrial value in Dongying, Shandong Province, year-on-year rising by 32% compared to the same period of 2017.
By the end of November of 2017, accumulated tire period inventory in Dongying reached 99%, yearly rising by 0.5 percentage.
Annual statistics showed that accumulated tire period inventory in Dongying reached over 99%. Amongst, September period inventory reached 99.6%, the highest month in 2017.
In the last August and September of 2017, it is a peak period of tire manufacturers' pricing rising, with 8-10% of single growth, which pushed agencies' storage.
Dongying is an important tire producers, and also a large tire exporter in China. Tire manufacture is one of supportive industries in Dongying, Shandong Province.
