Group 1: US Market Demand - In June, US automotive parts and tire store retail sales reached $11.693 billion, a year-on-year increase of 2.90% [1] - In July, US gasoline consumption was 8.9418 million barrels per day, a year-on-year decrease of 3.04%, while diesel consumption was 3.5098 million barrels per day, down 4.09% year-on-year [1] - US automobile sales in July were 1.3722 million units, reflecting a year-on-year increase of 7.43% [1] Group 2: Import Demand - In June, the US imported 16.8895 million semi-steel tires, a month-on-month decrease of 4.67% but a year-on-year increase of 7.75% [2] - The US imported 1.9116 million full-steel tires in June, with a month-on-month decrease of 0.39% and a year-on-year increase of 44.90% [2] - Both semi-steel and full-steel tire import volumes in June were at historically high levels, indicating robust overall demand [2] Group 3: Raw Material Prices - In July, the tire raw material price index was 151.90, showing a month-on-month decrease of 0.28% and a year-on-year decrease of 10.26% [3] - The average price of natural rubber was 14,003 yuan/ton, with a month-on-month decrease of 1.06% and a year-on-year increase of 1.00% [3] - The average price of carbon black was 6,709 yuan/ton, reflecting a month-on-month decrease of 3.13% and a year-on-year decrease of 19.47% [3] Group 4: Shipping Costs - In July, the average Baltic global container freight index (FBX) was 2,531.25 points, a month-on-month decrease of 25.46% and a year-on-year decrease of 50.19% [4] - The CCFI for the East Coast averaged 1,247.30 points, down 7.31% month-on-month and down 30.43% year-on-year [4] - The CCFI for the West Coast averaged 983.60 points, reflecting a month-on-month decrease of 14.44% and a year-on-year decrease of 40.68% [4] Group 5: New Product Launch - Sailun Group successfully launched its "Liquid Gold" tire in the Vietnamese market, marking the introduction of this high-performance tire product [5] - The launch event was attended by key executives from Sailun Group and its Vietnamese subsidiary [5]

Investment Rating - The report provides a positive outlook for the tire industry, particularly highlighting the stability in demand and the introduction of new products by key players like Sailun [5][6]. Core Insights - The tire industry is experiencing a decline in raw material prices, which is expected to benefit manufacturers [5][8]. - Sailun has launched a new product line, the Liquid Gold tire fashion series, which includes innovative features [5][6]. - The U.S. tire retail sales remain robust, with a year-on-year increase of 3.53% in May 2025 [5][67]. - The import demand for tires in the U.S. shows a mixed performance, with semi-steel tire imports decreasing while full-steel tire imports are increasing significantly [5][76]. Summary by Sections Raw Materials - The tire raw material price index decreased to 152.76 in June 2025, down 2.63% month-on-month and 11.82% year-on-year [5][9]. - Natural rubber averaged 14,257 CNY/ton, down 4.67% month-on-month and 3.99% year-on-year [5][9]. - Styrene-butadiene rubber averaged 12,005 CNY/ton, down 3.64% month-on-month and 21.53% year-on-year [5][9]. Production and Export - In June 2025, the average operating rate for full-steel tires in China was 63.96%, up 5.61 percentage points year-on-year [5][26]. - The production of new inflatable rubber tires in China reached 101.99 million units in May 2025, a year-on-year increase of 9.20% [5][28]. Consumption - The replacement market for tires shows resilience, with stable demand in the U.S. [5][38]. - In June 2025, China's heavy truck sales were approximately 92,000 units, a year-on-year increase of 28.85% [5][55]. Shipping Costs - Shipping costs showed significant fluctuations in June 2025, impacting the overall cost structure for tire imports and exports [5][6]. Industry News - Sailun's participation in the Nürburgring endurance race resulted in a podium finish, showcasing the performance of their tires under challenging conditions [5][6].