Raise the price of natural rubber tire prices

The suspension will affect the prices of raw materials, prices began to tire.

The main reason is to raise rubber prices

Can not afford to burn the oil fast! Tires have a price! Following last year's wave of international brands across the board price increases after the tire business, the beginning of this year's major brand tire prices will go up again. Although some enterprises have not yet announced the final tire price increase, but industry estimates, currently maintained at or about 3% to 5%. Increased crude oil prices, China's auto sales, as well as natural rubber prices are strong tire prices do not rise to the drivers.

Tire full of raw materials prices

Tire product line of the main reasons for the price adjustment is to raise the prices of rubber. In general, the tire is divided into raw material of natural rubber and synthetic rubber, tire companies used two types of raw materials accounted for 55% of the total cost, the utilization rate of natural rubber and synthetic rubber compared to slightly lower.

Natural rubber as belonging to the resource-based products, the need for cultivation, and a slower growth period, with a combination of seasonal effects; although the latter is relatively cheap cost, but since 2004, international crude oil prices again hit a new high of its own that it has an enormous impact, Synthetic prices in recent years, there has also been adding fuel to the flames, or equally alarming.

On the other hand, crude oil prices also had a profound impact on the price of synthetic rubber movement. Global oil prices higher in a row, led the growth in prices of synthetic rubber, tires and other related materials (such as wire, cord, carbon black, etc.) prices are in a comprehensive manner.

Tire dealers have price

It is understood that Hankook Tire will increase slightly this year, involved in the Chinese market, sales of passenger cars and other products, mainly in the retail market rather than the OEM market. According to related news, the price will be set early next month. At the same time, the same as South Korea's Kumho Tire is also planning to develop retail and OEM strategy to increase market prices.

Michelin for the time being no plans to increase the domestic market, the U.S. has raised the price, and this strategy is to increase the economic environment in the United States from warm to cold during the decision-making.

Michelin will increase the product is "Voyager" and "truck partner," the two types of tires, the price increase of up to 7%. The price increases have been planned in March this year, before the official launch of the company but taking into account the recent rubber raw material prices and a weak U.S. dollar, transportation costs have gone up, so prices will advance the date.

Can think of is that in 2008 up tire prices will continue to keep rising.