Raw materials are the main factor in the price increase of tire enterprises. If it continues to rise, then more enterprises will join the tide of price increase, and tire price increase may become a foregone conclusion!
Rubber prices skyrocketed!
The prices of carbon black and rebar have also increased.
On August 20th 1.08, the natural rubber index increased by 20.60%.
According to relevant media data, the commodity index of natural rubber was 32.90 on August 20th, which was 67.109-0100.00% lower than the cycle peak, and 27.28% lower than the lowest point on April 2nd, 2020.
Trend chart of natural rubber commodity index in August
2. Since July, the rubber price has increased by 10.34%.
From the beginning of July 10089 yuan/ton, the natural rubber market has fluctuated all the way up to now. As of 20th, 1 1095 yuan/ton, and its increase rate has reached 10.34%.
Trend chart of mainstream price of natural rubber in August
The main reasons for the rise of rubber are the delay in producing new rubber, the shortage of spot rubber and the strong downstream demand. According to the analysis, this situation will continue to happen, and the price of rubber will rise further in the future.
3. Carbon black and rebar have also increased in price.
While the price of natural rubber continues to rise, the prices of carbon black and rebar also rise. According to relevant media reports, the carbon black N330 in East China even rose to 5200-5500 yuan/ton in July, up 800- 1000 yuan/ton from last month.
With the increase of national steel output, the main contract of rebar has risen from 3 100 in April to more than 3,700 at present, with an increase of more than 20% in three months.
In August, 12 tire enterprises announced price increases.
Since August, 12 tire enterprises have issued price increase notices:
Among them, basically all the reasons for the price increase of tire enterprises are the rise of raw materials:
At present, tire enterprises have to raise prices due to cost pressure. The price of rubber is already at a high level, if the "price increase tide" of tires is about to hit!
Earlier, Chopin also interviewed executives of related tire companies. They analyzed that in August, major tire factories will cancel the promotion one after another, and there will be a wave of price increases in September.
Chopin said
Due to the epidemic in the first half of this year, the continuous decline in raw material prices, and the decline in tire demand much faster than tire supply, many people have a negative attitude towards price increases.
But at the same time, some tire owners believe that the price increase of tires has become an inevitable trend. They believe that drivers have the psychology of buying up and not buying down, and the price increase is also conducive to tire sales.
Chopin believes that August-September was originally the peak period of price increase for tire enterprises. Tires will increase slightly in previous years. This year, due to the epidemic situation and the impact of the environment, many bosses are not optimistic about this.
But as far as the current trend is concerned, the recovery speed of the market may be faster than we thought, and the price correction may become a common phenomenon.
Chopin also suggested that everyone should pay close attention to the trend changes of raw materials, scientifically and rationally lay out inventories, speed up the turnover efficiency of money and goods, and control the pace of purchasing goods.
After raw materials skyrocketed and tire companies announced price increases, what do you think? Do you think the "price surge" has arrived? What is the impact on sales after the price increase? Welcome to leave a comment below!
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.