Up to 8%! Tire Prices Rise Across the Board！

Recently, the tire industry has witnessed a new round of price surges.

On March 31, many leading tire companies successively issued price increase notices.

Zhongce Rubber announced that it will adjust prices for various products starting April 1.

Among them, bias tires and off-highway tires will be increased by 3%-5%;

prices for all-steel TBR products will be raised by 2%-3% across the board;

Zhongce brand inner tubes will be increased by 3%, and Golden Crown brand inner tubes by 8%.

Haohua Tire plans to adjust prices for the full range of TBR products in phases.

Prices will rise by 3%-5% starting April 1, and another 2%-3% starting May 1.

Both Sentury Tire and Heda Rubber have raised prices for their relevant products by 3%-5%.

Previously, Sailun, Linglong, Maxxis, Zhengdao and other enterprises all announced price increases starting April 1.

According to report, this round of price hikes is mainly driven by a sharp rise in corporate costs.

Against the backdrop of volatile international situations, prices of raw materials such as rubber and carbon black have continued to rise.

Coupled with simultaneous increases in logistics and labor costs, enterprises can no longer absorb these pressures internally.

Some companies stated that their price adjustments are far lower than the increase in costs, and further price adjustments cannot be ruled out in the future.

Summary of Tire Enterprise Price Increase Notices

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