With the arrival of 2024, the tire market has also ushered in a wave of price increases. A number of well-known tire factories have successively announced product increases, which has aroused widespread attention in the market.
According to the carbon black industry network, Wanli Tire has raised some specifications of domestic PCR brands by 2%-3% since January 2, and Nexen Tire has also raised its ** by 1 from January 15%-6%。In addition, Germany's Continental tires and Nordic Viking have also adjusted their products from February 1, and the maximum increase is expected to reach 3% respectively. In the domestic market, Magis has adjusted its TBR products by 2-3% since January 1, and Linglong Tire has also followed suit, raising the product series of all brands of TBR in the company's domestic retail market from the same time, with an increase of 1%-3%.
This series of price increases has undoubtedly brought a lot of shock to the tire market. So, why do so many tire factories choose to raise prices at this time?The main reason is due to the continuous increase in raw materials. Although the increase in raw materials in the current environment is not very high, the current round of price increases in tire factories is more about digesting the previous price increases of raw materials. This also means that the tires are likely to continue to maintain their momentum for some time to come.
This round of price increases is not limited to the domestic market. The global tire market is facing similar upward pressure on prices. This is mainly due to the volatility of the global raw material market and the tension of the ** chain.