On October 28, 2020, the futures price of natural rubber hit a new high this year when the market opened. As soon as the market opened, the futures price of natural rubber exceeded 16,000, and there was no sign of decline. It made rapid progress all the way, reaching a maximum of 16535 yuan/ton. On October 29, 2020, the price of natural rubber futures collapsed as soon as it opened. The opening was lower than yesterday's closing price, but the price increase notice from tire companies did not fall.

Starfly

On October 26, 2020, Starfly Truck and Bus Tire issued a notice: The company will cancel "Starfly" from 0:00 on November 1, 2020 "There is a 3% price promotion for tubeless series tires, and orders without price increases due to prepayment will not be accepted. Starfly's price increase notice has clearly shown that the substantial price increase of several raw materials has brought considerable pressure to tire companies.

Guizhou Tire’s second price increase

Following the price increase notice issued by Guizhou Tire last week, a second notice was issued this week. This notice clarifies that starting from November 1, 2020, the prices of all-steel and bias products will be uniformly increased by 2%. And the company's SAP system order will be subject to the date of review, and customers will not be allowed to pay first to lock in the order price.

Henan Guilun Tire

pointed out in the price increase notice that due to the sharp increase in the cost of production raw materials, the company is unable to bear the increased costs. Since November 1, 2020 Starting from 2020, the prices of the company's various tire series will be increased by 4%.

Qingdao Oruilu Tire

This tire company will make upward adjustments to varying degrees on the entire range of British Lion Tire products from November 1, 2020. The specific sales policy is as follows: Notification from Regional Manager.

Qingdao Pingdu Honghua Rubber Factory

Starting from November 1, 2020, the prices of all tire models in the factory will be increased by 3%, and the sales policy of crude oil will not be changed.

Henan Fulu Tire

This company issued a price adjustment notice on October 28, 2020. Starting from October 28, 2020, all the company's brands will increase by 2 %-3%, please see the price list for details.

Fangxing Tire

Fangxing Tire, a tire company in Dongying, issued a price increase notice on October 26. Starting from October 27, the price of all-steel radial tires will increase. 3%.

Currently, more than 70 price increase notices have been issued?

Currently, more than 70 price increase notices have been issued, and many tire companies have announced price increases for the second or even third time. . Start adjusting the price of truck and bus tires, or cancel preferential policies. ; followed by bias tires, engineering machinery tires and passenger car tires. August was the first wave of price increases, the end of September was the second, and November is about to enter, and the third wave of price increases has arrived.

Raw materials and manufacturers co-act in a play?

Some people say that this price increase is a show manipulated by the people behind natural rubber futures and the tire manufacturers to perform for dealers and tire shops. Natural rubber prices have risen slightly. , which in turn promoted the first wave of price increases for tires; then the price of natural rubber futures continued to rise, and the second wave of price increases came. As the price of tires continued to rise, the price of natural rubber futures soared, and the price of tires increased for the third time. When the tide comes, the two promote each other. But did you know that futures manipulation is illegal? Many people have been fined huge sums of money for manipulating the stock and futures markets.

The sudden surge in rubber prices was affected by a combination of factors. In summary, production dropped and usage surged.

Affected by drought and pests and diseases this year, the rubber tapping time in Yunnan and Hainan has been repeatedly postponed. In early October, due to the influence of tropical low pressure, major natural rubber producing areas such as Hainan, Vietnam, and Thailand experienced continuous rain, which inhibited the output of rubber raw materials. According to a report released by the Association of Natural Rubber Producing Countries (ANRPC), global natural rubber production decreased by 8.7% from January to August compared with the same period last year. The total output in 2020 is expected to be 12.901 million tons, a decrease of 6.8% from the previous year.

Tire dealers are in a dilemma

The tire dealers are most affected by the increase in tire prices. The following is the voice of a powerful tire dealer in Beijing. The information that can be obtained from the chat records is: 1. It is true that tire companies have increased prices, 2. Sales have not been good after price increases, 3. Small and medium-sized tire brands have become more difficult to sell after price increases, for example, Michelin Bridgestone has increased by 10 It doesn't matter if it's 8 yuan, but small and medium-sized tire brands can't bear the increase of 3 yuan. 3. The factory's workload has increased, making dealers a little breathless.

A new round of price increase notices has arrived, but the market has cooled down and factory tasks have increased. It is impossible not to purchase goods, and it feels impossible to purchase goods. It is really driving dealers to death!

This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.