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10-09
03

April imports of synthetic rubber in China before

From January to April this year, a sharp rise in Chinese imports of synthetic rubber.

Latest Customs statistics show China 1-April, China imported a total 592,000 tons of synthetic rubber, up 60.3%, amounting to 1.46 billion truck tyre, an increase of almost twice the amount of increase, 113.3%.

Which, in April month, China imported 162,000 tons of synthetic rubber, 20,000 tons from last month to reduce the amount of 420 million U.S. dollars, dropped in more than 3500 million.

Tags: globaltire Truck-tyre tire tyre PCR

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10-09
02

Tyre rubber prices soaring prices frequently rise

This year, the tire market prices frequently collective. Among them, the first price increase occurred in the New Year after the collective inertia "for tire tide" period; second price increase in July; and recently, the market price of the tire came up again in September will be the message, the tire will be The third group experienced price increases. Investment Advisor in the chemical industry researchers often Yi Zhi that tire prices mainly by the significant increase in the cost of tire caused.

Currently, tire upstream raw material prices rising, human costs are also rising, but also by the impact of the RMB exchange reform, the RMB appreciation pressure gradually increased, coupled with the reduced export rebate rate for tires and other factors, tyre companies the cost considerably. The tire pressure brought to offset the high cost would take into account price increases on the tires.

Yi-Chi Chang further pointed out that in tire prices affected many reasons, the upper reaches of the rise in raw material prices is a major factor. According to the Investment Advisor "issued by the tire industry in China 2010-2015 Forecast of Investment Analysis and Report" shows that the major cost components in the tire, the rubber tire about half the total cost. Thus, changes in the price of rubber tires had great influence on the cost.

Since this year, rising raw material prices tires. Which, as one of the main raw material for production of tire rubber, since the fourth quarter of last year, prices soared. At present, the natural rubber price has risen to 25,900 yuan / ton, up 100% year on year increase, which directly promote the rising cost of tire manufacturers. Tire business to offset the cost to bring pressure to raise the price of tires.

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Tags: tyre rubber globaltire Truck tire tyre PCR

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10-09
02

Vitality of the global tire market began to recove

World tire giants one after another recently published report in the first half of this year, show the world tire industry experienced a severe financial crisis last year, has been out of the doldrums, sales revenues and profits generally the same pace. In addition to the world's top ten tire giant Goodyear small losses, all profits and a relatively large increase over the previous year. Meanwhile, the company optimistic about the second half of the tire industry in general market trends, market expectations raised in the second half, and a new round of expansion wave.

The world's three major tire giant Bridgestone first tier financial situation completely changed. Bridgestone first half of the number one sales up 15% over last year, sales reached 44.5 billion yen net profit, compared Bridgestone deficit of 39.3 billion yen. Michelin ranked second in the first half revenue growth of 17% over last year, reaching 10.3 billion U.S. dollars, net profit exceeded expectations, reaching 618.5 million U.S. dollars, while last year's first half loss of 172.4 million U.S. dollars, operating profit margin from the same period last year 4% to 9.8%. Goodyear ranked third in the first half losses of the Group is also reduced by 30 times over last year.

The world's second-tier continental tires, Pirelli, and all profits and higher growth. Continental profit of 158 million U.S. dollars, while the loss of 190 million U.S. dollars last year. Italian Pirelli Group, the financial division by the subsidiary, but still achieve the increase in net profit, operating income increased by two thirds. Japan's Sumitomo Rubber sales increased 22.2% to reach 3.07 billion U.S. dollars, profit reached 114 million U.S. dollars. Hankook Tire sales and both achieved double-digit operating profit growth. Solid Platinum U.S. sales grew 29.5%, reaching 1.56 billion U.S. dollars, by the loss of 34.2 million U.S. dollars last year into a profit of 55.7 million U.S. dollars. Kumho Tire sales grew 25.8% to 1.05 billion, from last year's loss to a profit of 64.4 million U.S. dollars.

World tire third tier (ranked 10 after) Japan so most profitable, but the level varied. In 2009, China entered the world top 75 tire companies are all profitable.

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Tags: globaltire Truck tire tyre PCR

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