On November 4, Sailun Tire announced that it would lift its production price by 2%-3% from November 10.
The company said with raw material prices rising, the company's production cost also increased, which pushed the company lifted ex-plant price.
Not long before, Wanli Tire and Pirelli Tire has announced to raise production price respectively by 3% and 2%.
Those two companies gave the same explanation with Sailun Tire.
