It is understood that in December 2016, Taiwan Nangang Rubber Tire Company took the lead in raising tire prices by 9%-12%, setting off a prelude to price increases for tire products in the region. Subsequently, Taifeng Tire announced that the price of its products was raised by 9%-12%, and Huafeng Rubber Industry also raised tire prices by 8%-10%. In addition, Zhengxin Rubber recently stated that it intends to increase tire prices in the first quarter of 2017. At the same time, Jianda Tire also plans to increase product prices by 3%-5% in 2017 to maintain its global competitiveness. Nangang Tire stated that the global rubber price has risen from 1,100 US$/tonne a year ago to 2,200 yuan/ton now, which is an increase of 100%. This is the main reason why tire manufacturers increase their prices. Aluminum Profile,Flowers Plants Sun Room,Aluminium Top Hinged Window,Broken Bridge Aluminum Alloy Door Foshan Feiyi Adhesive Technology Co., Ltd. , https://www.fsnh-feiyi.com
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It is understood that several major tire manufacturers in Taiwan are planning to increase product prices by 8% to 12% in 2017 to cope with the sharp increase in the prices of raw materials such as rubber (including natural rubber and synthetic rubber).