Yesterday (March 16), several tire companies announced price increases, namely Dunlop, Hubei Olymp, 800 million rubber, Qingdao Jianxin United Rubber.
Among them, Dunlop decided to adjust the price of Dunlop passenger car tire products from April 1, with an adjustment range of 3% to 5%.
The price adjustment is mainly due to the rapid increase in the price of tire-related raw materials in the past year, and this year it still maintains an upward trend, and the cost of tire manufacturing is increasing.
The four tire price increase notices released on March 16 are already the nth since February and March this year....
In this regard, Xiaobang counted the price increase notice, and nearly 40 companies such as Michelin, Bridgestone, Zhongce Rubber, and Linglong have determined the price increase of tires in March and April:
Tire companies
2 or 3 consecutive increases have been opened
In these price increase notices, there is no shortage of tire companies that have opened the price increase of two or three tires.
For example, Michelin has achieved 2 rounds of price increases. Michelin has announced that the price of passenger car tires and Bailuchi brand tires will be raised by 3% from February 1; then it will announce another 3% to 5% increase on April 1.
Margis TBR tires have achieved a 3-tire price increase. Margis Tire has announced that from January 1, the price of TBR products will be raised by 3% to 5%; from March 1, the price of some TBR products will be raised by 3%; from March 16, the price of Margis TBR products (17.5/19.5/20/22.5) will be raised by 3%.
Multiple rounds of price increases are due to raw materials
From the above price increase notice, it is not difficult to find that the price increase of tire companies many times is the rising price of raw materials in the past year, and this year still maintains an upward trend.
Price trends of tire-related raw materials in the past year:
Domestic butadiene rubber price trend in the past year:
For some tire companies, the reasons for the price increase also include the recent rising oil prices, and the rise in factory electricity and steam costs.
In addition, the current situation in Russia and Ukraine is still very tense, global commodity prices have risen, crude oil, coal, steel and other prices have risen to varying degrees, in the tire production process, these are also indispensable materials, which in turn leads to further increase in the cost of manufacturing enterprises.
Moreover, Russia is an important synthetic rubber supply distribution center in the world, many synthetic rubber is also extracted from crude oil, crude oil prices are bound to affect the price of synthetic rubber, synthetic rubber prices will promote tire prices.
If the impact of the rise in crude oil prices continues, the cost of tire manufacturers may be further increased, and the possibility of higher and higher prices of corporate products will become higher and higher.
Ge Guorong:
Dealers are boldly stocking before June
According to the above-mentioned rising factors of raw materials, coupled with the economic environment will improve in 2022, Ge Guorong, a previously recommended by Zhongce Rubber:
"Before June, be bold, it is time to buy goods, after June it is difficult to say, because the United States wants to raise interest rates, and the price of raw materials will go down a little after the dollar hikes."
In the face of rising tire prices, will you stock up? Did the price go up when you stocked it?
Attached: Nearly 40 tire price increase notices
(Swipe down to view)