1. Fang Xing Tire - May 1, 2018, semi-steel radial tire price increase of 3%
2. Yokohama - May 1st, 2018, an increase of 6%
In June 2018, the price of OTR (construction machinery tires) was raised by 8% for the US and Canadian markets. It now appears that April's price increases will not relieve cost pressures. Alliance Tire USA has decided to continue to increase prices on May 1st, or 6%, also for the US and Canadian markets.
3. Fly tire
The latest news from Japan's tire manufacturer Sumitomo Rubber America Branch stated that it has decided to increase prices for some products since May 1, 2018. At the same time, it will also strengthen the promotion and promotion of Fizen brand dealers.
It is understood that Sumitomo Rubber North America Co., Ltd. will increase the prices of some of the tires for certain specific products, including some of the products of the Flygt brand, and the price increase range is between 3-7%. At present, there is no specific increase. Price product.
Truck tires
Since the end of 2018 from the end of 2018, the tire price cycle has grown infinitely, and the market has “stopped from the wind and rise†without stopping. Raw materials and environmental protection continue to develop simultaneously, and the tire market has ushered in a climax. However, some companies also stated that the factors affecting tire prices are relatively complex and there are many uncertain factors in the market.
In the months that tire prices have risen, the terminal retail business has not been hot because of the high prices. Many consumers take a wait-and-see attitude toward price increases. The demand in the terminal market is not high, and tires do not dare to cut prices. Once they enter the price reduction process, the end consumer desire will decline.
It is predicted that the tire manufacturers with larger scale in the short term are unlikely to lower their tire prices. Although the current price of raw materials is still at a historically low level, large tire manufacturers have a strong willingness to be very pricey and will not easily sell at a reduced price. This is mainly due to the fact that dealers do not buy or buy, because once the price of tires starts to fall, distribution The replenishment enthusiasm of merchants will be even lower, and the pressure on manufacturers' inventory will be even greater.
Not surprisingly, subsequent tire manufacturers may adopt other means rather than price cuts for promotion, and in essence, make profits to dealers. Therefore, the vast number of tire manufacturers, in May 2018 should be cautiously pressing stocks, tires fast forward and out to maintain a healthy flow of funds. In addition, we must beware of speculative roasted seeds and nuts, and we must be the ones who have taken over!
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