Author: Bill Liu

News

Sales plummeted 41% in the first half of the year! Reshuffle of Chinese tire companies

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.

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News

Crude oil plummeted 10%, raw materials fell across the board, and tire prices will start a falling mode?

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

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News

17.5 billion to build a super factory! Sailun Advances to “Annual Production of 100 Million Tires Club”

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.

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