RUBBER CUTTING STOPPED, SEA FREIGHT CONTINUED TO HAVE A HIGH FEVER, AND TIRES GIANTS LED THE RISE IN FEBRUAR

Recently, Bridgestone, a global tire giant, issued two price increases in a row. First, in the Chinese market, Bridgestone pointed out that due to the recent rise in the price of main raw materials of tires, the manufacturing cost of tires has been rising. In order to ensure the quality of products, we decided to adjust the price of all finished products of Bridgestone / Fengchi / zhuolus. The price of Bridgestone (excluding 295 / 80R22.5) increased by 3% and Bridgestone 295 / 80R22.5 5. The price increased by 2%, the price of Fengchi Tong increased by 3%, and the price of Zhuo Lushi increased by 3%. Adjustment time: from February 1, 2022.

In addition to Bridgestone, many foreign tire giants such as Michelin and Goodyear have raised prices for many times in China. Enterprises said that the price rise was mainly due to the high cost of raw materials. Moreover, the prices of energy such as industrial electricity and natural gas have increased significantly. In the electricity price notice issued by Shandong Provincial Development and Reform Commission, it is clear that the industrial and commercial electricity price will fluctuate between 50% ~ 170% of the benchmark price from January 1, 2022. From the recent market situation of tire raw materials, the cost pressure of tire manufacturers will continue for some time.