Tires: Price Increase Expectations Drive Slight Fluctuations in Overall Tire Operating Rates

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Tires: Price Increase Expectations Drive Slight Fluctuations in Overall Production

Currently, domestic tire companies are operating normally, with overall production slightly fluctuating. The order meetings for the replacement market are progressing smoothly, and channel sales are performing reasonably well. Driven by continuous rises in raw material prices, there is a certain expectation of price increases in the tire market, further promoting transmission to the market and easing inventory pressures for companies. Due to factors such as the Middle East situation, exports from related regions are temporarily delayed, which has somewhat impacted overall sales. Rising raw material prices have increased tire production costs, squeezing profit margins. Tire companies may adjust their production levels independently in the future based on operational conditions.

(Editor: Dong Pingping)

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