Raw material price soars tire prices will be pushed up again in September

Due to the drought situation in Thailand, Malaysia, and other places where natural rubber was used as the main raw material for tires this year, the production of natural rubber has been greatly reduced, and tire manufacturers have turned to synthetic rubber, causing the price of raw materials such as natural rubber and synthetic rubber to soar.

According to reports from Taiwan media, Bridgestone announced on the 17th that the retail price of all car tires rose by 10% since September and that bus tires rose by 5%. The Michelin tires also announced on the 17th, starting September 20, all car tires according to different items, each 4% -10% price increase. Other domestic tire manufacturers such as Zhengxin, Jianda, etc. have not yet announced the price situation, but retail outlets already have dealers that do not rule out follow-up. Between March and April, all tire manufacturers have experienced a storm of price increases, ranging from 4% to 8%.

In addition, the major lossy batteries for automobiles have also been repeatedly raised this year. The recent increase is about 2%. From the beginning of this year, the entire increase has reached 10%.