Tire industry ushers in rising price

      Recently, the tire industry ushered in a wave of rising prices.The main reason for the price increase of famous brands such as Bridgestone and Michelin is the rising cost of raw materials and logistics.Jinhu (China) Tire Sales Co., Ltd. announced on June 14 that it would increase the price of PC / LTR products by 3% from July 1.Prices of Michelin's "select" Michelin brand off highway tires and Uniroyal brand commercial tires in North America increased by 6% from July 1.
      At the beginning of this year, Michelin increased the tire prices of Uniroyal passenger cars and light trucks in North America by 5%
      As of the beginning of July, more than 60 tire enterprises have announced price increases, which can be attributed to the continuous rise of raw material prices and high operating pressure of enterprises.
      There is another important reason for the price increase of Japanese tire market: the rising logistics cost. Yokohama rubber said that due to personnel shortage and other factors, the cost of logistics and distribution rose sharply, increasing the tire prices of domestic passenger cars, trucks and engineering vehicles by 3% from August 1.
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