Renowned tire brand MAXXIS is to increase the truck and bus tire prices by 3% starting from Jan. 1, 2018.
The price adjustment was made due to raw material price growth and the producer’s growing operating costs.
On Dec. 19, Cheng Shin-Petrel (Xiamen) announced to increase the ex-factory prices of the truck and bus tires of all brands up by 3%. According to the announcement, it frequently received notifications of price lifting and short-supply from upstream raw material providers.
Zhejiang Jutai Tires also decides to lift tire prices from Jan. 1, 2018, by 5%.
