Xin Hua Wang·2025-08-12 05:48Core Viewpoint - The tire industry is experiencing a wave of price increases due to rising raw material costs, with over 30 companies announcing price hikes ranging from 1% to 6% in September and early October [1][2]. Group 1: Price Increases - More than 30 tire companies, including Linglong Tire and Triangle Tire, have announced price increases in September and early October, with the hikes generally between 1% and 6% [1]. - Some companies have raised prices on key products by 10% to 20% due to significant increases in raw material costs [2]. Group 2: Raw Material Costs - The prices of key raw materials have surged, with prices for synthetic rubber, carbon black, and anti-aging agents rising significantly; for instance, the price of butadiene rubber has increased by 36% from its low point this year [2]. - As of September 15, the price of natural rubber reached 11,720 yuan per ton, an increase of 11.41% month-on-month and 7.52% year-on-year [2]. Group 3: Market Dynamics - The price increases are intended to transfer cost pressures to downstream distributors and stimulate orders, although the success of these price hikes will depend on the end-market demand [3]. - There may be a differentiation in the effectiveness of these price increases, with established brands likely to succeed in implementing price hikes, while lower-quality competitors may struggle [4].