Tire prices will remain high

On May 25, Shandong Yinbao Tire suddenly issued a price increase notice, claiming that the price increase of raw materials caused the company's business difficulties, and decided to increase the prices of mine tires, engineered tires, and military tires by 3% to 8% starting from May 28.

Raw materials are picking up

The price of carbon black, another major raw material for tires, has also continued to rise.

At the same time, steel prices also have an impact on tire prices.

Policies accelerate supply-side reforms

As the tire market becomes saturated, the tire industry is facing serious overcapacity problems; at the same time, as a heavily polluting industry, the tire industry is also under greater environmental pressure.

According to the document, this round of capacity clearance in Shandong Province involves 18 tire companies, including 8 all-steel tire companies with a total production capacity of 5.

With the elimination of backward production capacity, the year-on-year growth rate of fixed asset investment in the domestic tire industry has entered a negative growth stage, but the leading companies still maintain an active expansion trend.

Tire "double reverse" final cut warmer

　　On May 25, the U.

　　Regarding this relatively optimistic result, Jinlianchuang Rubber Industry Analyst Wang Shangzhen said: "The U.

　　In the short term, domestic leading tire companies can eliminate the actual impact of the "double reverse" by sharing tax rates with US distributors and consumers, adjusting the structure of products sold to the United States, and reducing costs and increasing efficiency by themselves.

　　The Western Securities Research Report also believes that the final ruling of the “dual reverse” will relieve the market’s concerns about the repeated tax rate of the “dual reverse”.