Although natural rubber prices have fallen sharply, the prices of tires at retail terminals are still rising against the market. The Herald reporter visited a number of tire shops in Xiamen yesterday and was informed that tire brands such as Michelin and Bridgestone had just completed a new round of product price hikes this month, with a margin of around 5%.
Brand tires have increased prices again
“The Michelin tires just ended a round of price adjustments in early November and all of their products were up about 5%. Bridgestone tires also adjusted the price of products across the board in October. Positive new tires increased individual product prices in the same period. All of them are about 5%.†The person in charge of Haoyinbang Trade Development Co., Ltd., which specializes in tires on Xiamen’s Linyue Road, told the reporter that imported tires have performed particularly well in this wave of rising prices.
Intriguingly, the main raw materials for tires, such as gasoline and natural rubber, have just begun to drop sharply.
According to Wang Liqun, assistant to general manager of Xiamen Jianfa Raw Materials Trading Co., Ltd., in late September, the raw material prices of natural rubber were still hovering around 36,000 yuan/ton. Yesterday, the price of domestic rubber has dropped to about 26,000 yuan/ton, and the import rubber decreased. Bigger, the same day quote has dropped to 23,000 yuan / ton. In addition, not long ago, the National Development and Reform Commission just lowered the price of domestic refined oil, and Xiamen No. 93 gasoline was reduced from 7.37 yuan/liter to 7.14 yuan/liter.
Cost transfer takes time
"The price of raw materials has fallen sharply. How have tyres increased in price?" More than Hao Youbang Company, several tire stores on the sports road also find it difficult to comprehend the current tire price increase.
"Tire manufacturers' inventory raw materials also need a consumption process." Fujian Rubber and Plastics Industry Association analysts believe that the raw material price fluctuations, from the manufacturer to the retail terminal needs a process, this process is generally about 3 months. Therefore, it is estimated that the tire prices on the retail terminal may be reflected around New Year's Day next year.
In fact, retail outlets have already smelled the loosening of tire prices as news of favorable prices for tires comes. Mr. Chen of Dongpu Road, Xiamen Shunbangda Automobile Repair Factory told the reporter that the recent tire prices are not as strong as in the past. Individual brands can already bargain. 500-600 yuan/piece of tires are 10-20 yuan cheaper. There are still some.
“Sometimes, even if dealers have received notifications from manufacturers, they will not inform retailers at the first time.†Mr. Chen stated that the dealer’s inventory was established before the price reduction, so of course he hopes to find all stocks. Clear light enough.
Brand tires have increased prices again
“The Michelin tires just ended a round of price adjustments in early November and all of their products were up about 5%. Bridgestone tires also adjusted the price of products across the board in October. Positive new tires increased individual product prices in the same period. All of them are about 5%.†The person in charge of Haoyinbang Trade Development Co., Ltd., which specializes in tires on Xiamen’s Linyue Road, told the reporter that imported tires have performed particularly well in this wave of rising prices.
Intriguingly, the main raw materials for tires, such as gasoline and natural rubber, have just begun to drop sharply.
According to Wang Liqun, assistant to general manager of Xiamen Jianfa Raw Materials Trading Co., Ltd., in late September, the raw material prices of natural rubber were still hovering around 36,000 yuan/ton. Yesterday, the price of domestic rubber has dropped to about 26,000 yuan/ton, and the import rubber decreased. Bigger, the same day quote has dropped to 23,000 yuan / ton. In addition, not long ago, the National Development and Reform Commission just lowered the price of domestic refined oil, and Xiamen No. 93 gasoline was reduced from 7.37 yuan/liter to 7.14 yuan/liter.
Cost transfer takes time
"The price of raw materials has fallen sharply. How have tyres increased in price?" More than Hao Youbang Company, several tire stores on the sports road also find it difficult to comprehend the current tire price increase.
"Tire manufacturers' inventory raw materials also need a consumption process." Fujian Rubber and Plastics Industry Association analysts believe that the raw material price fluctuations, from the manufacturer to the retail terminal needs a process, this process is generally about 3 months. Therefore, it is estimated that the tire prices on the retail terminal may be reflected around New Year's Day next year.
In fact, retail outlets have already smelled the loosening of tire prices as news of favorable prices for tires comes. Mr. Chen of Dongpu Road, Xiamen Shunbangda Automobile Repair Factory told the reporter that the recent tire prices are not as strong as in the past. Individual brands can already bargain. 500-600 yuan/piece of tires are 10-20 yuan cheaper. There are still some.
“Sometimes, even if dealers have received notifications from manufacturers, they will not inform retailers at the first time.†Mr. Chen stated that the dealer’s inventory was established before the price reduction, so of course he hopes to find all stocks. Clear light enough.
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