Recently, the news of power curtailment and production reduction is really great news for the tire industry. However, although the operating rate has increased, the price of raw materials has continued to rise, and carbon black has even exceeded the highest in history.
In addition, although rubber has eased after the continuous price increase in October and crossed the 15,000 integer mark, it will take some time for feedback to the tire industry. Therefore, for tire companies, the pressure on raw material costs is still huge.
Now, some tire companies have decided to raise prices due to cost pressures.
ZC RUBBER announced that the prices of the following products will be increased from November 16, 21 and December 1.
Aeolus issued two consecutive price increase notices on November 15 to raise prices for TBR products and construction machinery tire bias/TBR products.
This is not the first price increase of ZC RUBBER and AEOLUS in November. In previous, nearly 90 companies had announced price increases in November, including ZC RUBBER and AEOLUS.
At present, the price of raw materials still has no downward trend for a while. Even if the decline is fed back to the tire industry, it will take 2-3 months. Therefore, the price increase of tire companies may continue until next year.
