Double factors drive tire companies to raise prices again

category:Finance
 Double factors drive tire companies to raise prices again


As of November 26, the domestic all steel tire operating rate was 75.35%, the highest level in the year. Yang Hui of Western Securities pointed out that with the decline in profits of foreign tire enterprises and the weakening willingness of capital expenditure, Chinese enterprises have cost advantages and import substitution will continue.

Tire industry related companies:

Linglong tire: the leading tire in China. Its main products are all steel radial tire, semi steel radial tire and bias tire. It is widely used in passenger cars, commercial vehicles, truck buses and construction machinery vehicles.

Fengshen Co., Ltd.: a large-scale tire listed company controlled by China chemical industry group, the company has a complete series of bias and radial construction machinery tires.

Triangle tire: the companys core business is tire R & D, manufacturing and global marketing. Its main products cover commercial tire, passenger tire, bias engineering tire, radial engineering tire and radial engineering giant tire, with more than 5000 specifications.