Price Hike Storm Sweeps Tyre Market in China

SHANGHAI, Jul. 12 (SMM) – China’s tyre producers announced to raise prices, in response to environmental protection inspections and nearing of peak season in auto market. Tyre prices thus reversed to upward track from downward one.

Shandong Huadong Rubber Material and Chuanghua Tyre raised prices by 3% from July 10, and Shandong Huasheng Rubber reported a 5%-10% price hike for all-steel tyres from July 1, and inner tube prices at Tangshan Zhongyuan Tyre will rise by 3% from July 1.

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