Goodyear, Zhongce, CST, Linglong, Guizhou Tire, etc. 40+ tire prices “hurricane” rose in February.
Since the end of the Spring Festival, notices of tire price increases have followed one after another, and a new round of price increase notices has come again.
Guizhou Advance has also increased its price!
Recently, Guizhou Advance released the price increase news, notifying that the price of all-steel TBR tires will increase by 2% from February 15th.
In 2022, the epidemic will recur, the conflict between Russia and Ukraine will cause global economic turmoil, international big-name tire companies will lay off employees one after another, and the performance of major domestic tire companies will face a huge impact.
Recently, a number of tire companies have released performance forecasts. Some tire companies have achieved profit growth, while some tire companies have experienced a sharp decline in profit.
Recently, the news of tire price increases is almost every day.
the overall situation of China’s major tire companies in the first half of the year was obviously not as optimistic as that of their foreign counterparts.
Recently, the waste tire market is very hot, and the price has risen sharply. Taking steel tires above 900 yuan as an example, the lowest price in 2019 is only 750 yuan/ton, and the highest in 2021 is 1290 yuan per ton. In March this year, the highest price of Zouping steel wire tires above 900 yuan reached 1835 yuan/ton, a year-on-year increase of 2019 and 2021. As high as 144.67%, 42.25%.
write at the end
The all-steel tire market has changed, and everyone is ready for hard times.
Difficulty will change, change will pass, and general will last. When a business is or may be in trouble, only flexibility can last. The market has changed, and operators need to follow the changes.
In the present, only transformation can lead to a way out. Whoever succeeds in the transformation first and who starts the new strategy first will have a place in the new market environment.
That’s horrible! Linglong, Aeolus, and Doublestar released their performance forecasts for the first half of the year today. Compared with last year, the profits of the three tire companies all declined sharply.
According to the statistics of all-steel tire manufacturers monitored by Zhuochuang Information, the total output of all-steel tires in China in June 2022 was 10.8421 million, a year-on-year increase of 4.66%. From January to June 2022, the cumulative output of all-steel tires in China was 58.3545 million, a year-on-year decrease of 14.14%.
From the point of view of the operating rate, the operating load of the 26 all-steel tire enterprises monitored is 57.30%, still maintaining a low position.
Raw materials fell across the board, and tire prices will start a falling mode?
On July 5, international oil prices suffered a slump, with Brent crude oil and U.S. crude oil falling by more than 10% during the session.
As of the close, the price of light sweet crude oil futures for August delivery fell below $100 a barrel and closed at $99.50 a barrel, a decrease of 8.24%; the price of London Brent crude oil futures for September delivery fell by 9.45%, It settled at $102.77 a barrel
Recently, we have been paying attention to the trend of tire raw material prices, but the recent trend is somewhat confusing.
Since the last time the price of raw materials for tires fell, rubber and crude oil prices have begun to recover.
Does that mean tire prices are about to start rising again?
On June 26, Sailun announced on the Shanghai Stock Exchange that it would invest about 17.5 billion yuan to build a factory and set up a subsidiary in Dongjiakou, Qingdao.
This investment includes: an investment of about 15.181 billion yuan to build a project with an annual output of 30 million sets of high-performance radial tires and 150,000 tons of off-highway tires; an investment of about 2.302 billion yuan to build a new functional material project with an annual output of 500,000 tons.
