Category: News

News

CCTV Unveils: Why Are Chinese Tires in Short Supply?

Since 2023, there has been a significant recovery in the Chinese tire industry. Data indicates that, in 2023, the cumulative production of all-steel tires in China reached 139 million units, marking a 14% year-on-year increase. Semi-steel tire production also saw substantial growth, with a cumulative output of 591 million units, reflecting a 22% year-on-year.

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News

The highest increase is 6%!

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.

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News

Profit felled sharply! for most Chinese tire companies in 2022.

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.

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News

Soaring 16.37%! Scrap tire prices keep positive.

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%.

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News

Get ready for hard times. China truck tire market has changed!

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.

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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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