Tire price starts to rise in Jan. of 2023

Recently, the news of tire price increases is almost every day.

Today, Triangle Tire issued a price increase notice. Due to the continued high price of raw materials, it announced that the price of some PCR products and various product series of commercial vehicle tires will increase by 2%-3% from January 1, 2023.

Zhejiang Sailun also issued a price increase notice, announcing that the price of all its products will increase by 2%-3% from December 26.

Yesterday, TERCELO Rubber also issued a price adjustment notice. Due to the recent high price of raw materials, the company’s production costs have continued to increase. In order to ensure product quality and service, it announced that it will replace all brand TBR products in the domestic market from January 1, 2023. Prices are adjusted.

At present, more than 30 tire companies have announced price increases.

The rising cost of tire manufacturing is the main reason for the price increase of tires. The data shows that as of December 16, 2022, the average price of my country’s natural rubber market is 12,483 yuan/ton, an increase of 10.2% from the beginning of November; the average price of carbon black is 11,294 yuan/ton, an increase of 10.13% from the beginning of September. An increase of 23.78% from the beginning of 2022.

And a price guarantee notice from Zhongce Rubber shows that the price of tires will only rise and not fall in the near future.