A New Wave Of Tire "Price Rise" Is Coming!

07-03-2023

In March, a number of tire companies issued price increase notices.


There are many large manufacturers in some regions of Shandong, as well as some international famous brands.


Whether it is all-steel products or semi-steel products, the price increase of this tire is between 2% and 3%.


However, in terms of the timing of the increase, the plans given by enterprises are different. Some choose to rise on March 1, some on the 18th, and some on the 26th.


It is reported that some companies decided to raise prices at the beginning of this year at the end of 2022. In terms of the reasons for the increase, the reasons given by the tire manufacturers are surprisingly consistent, because the prices of raw materials for tires continue to rise and the company's manufacturing costs continue to rise.


The analysis pointed out that with the recovery of market demand, tire prices may continue to rise.


However, some people in the market are skeptical of this round of price rise. They believe that some manufacturers choose to raise the price at the end of the month, which is obviously due to lack of confidence in the market prospect.

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