The price of raw materials risen, and price of tyre increasing

Starting from September 18, the leading tire companies, Linglong, Double coin, Chengshan, have joined the price increase queue, which also means that the second wave of "big price increases" this year is coming!

The heavy rains in the main natural rubber producing areas caused by the typhoon have reduced the supply of rubber. The futures price of some models of natural rubber has exceeded 18,000 Yuan per ton, setting a record high price this year.

Since July 24, the offshore RMB exchange rate has begun to fluctuate greatly, falling from 1 US dollar to 7.28 Yuan to 1 US dollar to 7.02 Yuan, a decrease of more than 3%. If tire factories purchase raw materials in US dollars, it means that the purchase cost of the tire factories has increased by at least 3% month-on-month compared with two months ago, just due to the exchange rate factor.

Under this situation, the price advantage of our NEREUS tyres on popular sizes has become more obvious, such as 175/70R13, 185/65R14, 195/65R15, 205/55R16, 215/50ZR17, 225/45ZR18…