China’s economy has been in the doldrums for the last couple of years, since the government ended Covid restrictions. That has had a substantial negative effect on China’s domestic tire industry. Nevertheless, there are some signs of recovery in the tire industry and also in the wider economy. We tend to think of the tire
Next month (March 2019), in Singapore will mark a step forward for the global tire industry. Three events are taking place at almost the same time in the week beginning 18 March. It’s called World Rubber Week First is the World Rubber Summit, organised by the International Rubber Study Group. Second is TyreExpo Asia, organised
This is the latest summary of our analysis of China’s tire industry. We publish a weekly report on the tire industry in China. It is the only English-language source of information for those who want to keep up-to-date with commercial, legislative, policy and recycling developments in the tire industry in China. Since this was distributed to our
An insightful analysis by international consultancy Dezan Shira & Associates, looks at the recycling industry in China and how it differs from the recycling sector in the West. The key difference is that Westerners tend to see recycling as, “a civic, responsible, and green activity. In China, however, recycling is a market-driven economic activity galvanized
This table shows Chinese TBR companies price adjustment in February. The reductions go against optimism in the industry that prices might in fact increase in the coming months. Company Price Adjustment Hengfeng Rubber Plastic -3.00% Yongsheng Rubber -3.00% Fangxing Rubber -2.00% + -2.00% more discount every hundred tires Huasheng Rubber -3.00% Shengtai Rubber
In February, PCR prices continued to fall. This is measured by the PCR Distributor price index (PCR-DPI). China’s PCR-DPI hit 69.6% in February 2016. This was a fall of 0.11% since January and a decline of 2.34% since February 2015. The index is based on 100% at May 2011. It has fallen steadily since April
After rapid fall in 2015, China’s tire industry has had a tough start to 2016. Layoffs, bankruptcies, mergers, restructuring, de-capacity and cost reduction have become the common words to Chinese tire companies, both small and large. What do the next three years hold for this industry? Prediction 1: Profit will fall to zero Perhaps, or
China Tire Dealer reports on the changing face of the tire distribution trade in China. The traditional approach is like a pyramid, consisting of a tire manufacturer, tire wholesaler, tire distributor and tire store. The tire maker at the top is a large company handling many tires. At the bottom, a large number of retailers
As the Internet develops, China Tire Dealer has some advice for tire dealers who want to place online advertisements: • Net-users tend to have higher education background and spending power. • Internet takes your message all over the country; not just your local area. • Lower costs can bring benefit especially to small companies. •
Recently, German magazine- Auto Bild carried out a wet-braking test on 50 selected summer tires. Unit: meter (lower numbers mean better performance) All the tested tires are in type: 205/55 R16 V Position Summer tires Wet-Baking (Meter)* Dry-braking (Meter)** Total (Meter) 1 Pirelli Cinturato P7 Blue (91 V) 27,0 34,8 61,8 2 Hankook Ventus Prime³
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