On Nov.22, Shandong Wanda Botong Tire company announced to raise 5% of its PCE、TBR and OTR product price by the end of November.
With China shut off some rubber chemical companies to control air pollution, China's rubber chemicals' price surged,leading to tire cost rising at the same time.
Industrial anaylst said, natural rubber price slid down, but rising rubber chemicals price lifted China's tire price.
