Shandong Tire Export Price Jumps January-May on Multiple Reasons

Published: Jun 28, 2017 15:58

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Prices for tire exports by Shandong jumped 8.9% to 239.3 yuan each in the first five months of 2017, dzwww.com reported.

SHANGHAI, Jun. 28 (SMM) - Prices for tire exports by Shandong jumped 8.9% to 239.3 yuan each in the first five months of 2017, dzwww.com reported.

Shandong exported 9,374 tires in January-May with value totaling 22.43 billion yuan.

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The average export price surged 13.6% to 250.1 yuan each in May, the highest from October 2015.

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Higher raw material prices and increased manufacturing cost pushed up tire export prices, according to Qingdao Customs.

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Tire Export Price passenger vehicle tire zinc oxide zinc

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