The price increase in November has been confirmed, an increase of over 10%. 70+ tire companies raise prices across the board!

Notices of price increases came one after another.October is not over yet, the price increase notices for November and December have been flying all over the sky, and some tire companies have even announced price increases until next year.

Based on the public price increase notice, we have counted nearly 70 tire companies that have announced price increases.

How drastic is the price increase of tires?

1. Many big brands like Linglong and Triangle rose 3 times a month

After October, some tire companies issued two or three notices in a row within a month. For example, Linglong Tire issued a price increase notice on October 1, October 10, and October 27.

Triangle Tire also issued three notices in a row in October:

2. The price increase of tires has reached December and January 2022

Tire price increase notices are not only issued intensively, but the price increase period is also very long. Aeolus Tire issued a notice stating that starting from November 1st, the price of all-steel tire products of the department will be increased by 4%-5%. With reference to the raw material price plan, on January 1, 2022, the price will be raised again by 3%-5%.

Cooper Tire (China) also announced that from December 1st, it will increase the supply price of all PCR products by 3% to 5%:

Untill when will the tires rise to?

According to these notices, the main reason for the price increase of tires is the increase in raw materials, power restriction and production, power shortage, autumn and winter environmental protection policies, etc., but the pressure of these price increases has not been alleviated.

1. Carbon black rose by 1,200 yuan!

Recently, the Carbon Black Industry Network reported that a carbon black manufacturer in Jiangxi announced that the price of special carbon black was increased by 1,200 yuan/ton; a carbon black manufacturer in Xiaoyi, Shanxi announced that the price of its furnace special carbon black was increased by 1,200 yuan/ton, and the gas-mixed pigment The price of carbon black is raised by RMB 2,000/ton.

It is predicted that the tight supply and demand of coal tar will continue to exist in the future. In the short term, the negotiation of new coal tar orders will continue to rise, and the pressure on the cost of carbon black is expected to continue to rise.

2. The policy of curtailment of electricity and production continues

Starting in September, most areas began to implement power curtailment policies. On October 26, Linglong Tire stated that due to the “dual control of energy consumption” policy, the company implemented power curtailment and production restrictions in accordance with relevant documents issued by the local government. The current curtailment is mainly for the Dezhou plant and the Liuzhou plant.

3. Tire companies: Raw material procurement costs increased by 24.77%!

Recently, a number of tire companies announced their third-quarter financial reports, all of which indicated that tire manufacturing costs in the third quarter have risen. For example, Linglong Tire stated that the company's comprehensive procurement costs for the five main raw materials of natural rubber, synthetic rubber, carbon black, steel cord, and cord fabric in the third quarter increased by 24.77% year-on-year in the third quarter of 2020.

Tire price increases are a long-term battle,Be sure to stock up reasonably!

Regarding the price increase storm in the tire industry, some industry experts predict that in the next two to three months, tire prices may rise by 8%-10%!

It is recommended that shopkeepers and dealer bosses must stock up rationally and avoid oversupply. After all, In 2021 there is too much uncertainty, the capital chain is still the most important.

At the same time, all bosses should pay close attention to the price trend of tire raw materials, so as to stock up in a timely and reasonable manner!