Red Sea Crisis Deepens: Global Trade Struggles Amid Increasing Regional Tensions

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Red Sea Crisis Deepens: Global Trade Struggles Amid Increasing Regional Tensions

All, Market & Trade Trends, NewsJanuary 18, 2024468Views 0Likes 0Comments

In a concerning escalation, constant attacks by Houthi militants in the Red Sea are initiating unprecedented disruptions to global trade, rivaling the challenges faced during the pandemic. Industry experts, including Maersk's CEO, Vincent Clerc, and Amin Nasser, CEO of Aramco, have expressed fears of a prolonged effect on global shipping. The crisis has forced major…

Tyre (Tire) Industry Dynamics: Recent Price Adjustments and Market Insights

All, Market & Trade Trends, NewsJanuary 16, 2024170Views 0Likes 0Comments

Continental Tire's Strategic Adjustment in Response to Increasing Costs In a proactive move, Continental Tire of Germany has made a notice on January 5, 2024, announcing an upcoming tire price adjustment. Quoting the persistent high costs of raw materials, logistics, freight, and energy, the company predicts challenges in short-term improvements. The product purchase rates are…

Concerns Arise Over Fluctuating Natural Rubber Prices and Decreased Tyre (Tire) Factory Operations

All, Market & Trade Trends, NewsJanuary 15, 2024134Views 0Likes 0Comments

Unpredictable Drifts in Natural Rubber Prices In a recent development affecting the tyre industry, the operational load of tyre factories has faced a significant decline, clashing with fluctuations in the price of natural rubber. According to the Xinhua Index, the natural rubber price index, checked from January 2 to 8, shows an overall unstable trend,…

U.S. Begins Investigation on Chinese Tyre (Tire) Imports; Domestic Industry Adapts to Global Trade Shifts

All, Market & Trade Trends, NewsJanuary 15, 2024112Views 0Likes 0Comments

In a move to protect domestic interests, the U.S. Department of Commerce officially began the first anti-dumping and countervailing sunset review inspection into truck and bus tyres imported from China on January 2. A spokesperson from a leading tyre company, answering to the announcement, characterized it as a routine reevaluation of existing trade protection measures.…

Natural Rubber at Peak Levels Contradicts Decrease in Carbon Black Prices

All, Market & Trade Trends, NewsNovember 28, 2023113Views 0Likes 0Comments

As of November 14, 2023, the primary rubber price stood at 14,450 yuan per ton, signaling a continuing upward shift from previous days. This contrasts with the scenario in August when the basic rubber price lingered below 12,000 yuan per ton. Over the past 2-3 months, the natural rubber market has experienced a notable increase,…

Global Light Truck Sales Increase, And Export Tires Are In Short Supply

All, Market & Trade Trends, NewsOctober 17, 2023110Views 0Likes 0Comments

In August 2023, there was a consistent uptick in the sales of light vehicles globally, marking the sixth consecutive month of growth. These sales surged by 9.6% when compared to the same period the previous year, reaching a total of 7.3 million units. Furthermore, when we consider the period from January to August, cumulative sales…

China’s Tire Export Declined In August Compared With July

All, Market & Trade Trends, NewsSeptember 22, 2023109Views 0Likes 0Comments

On September 18th, the General Administration of Customs published tire export data for the month of August 2023. The data reveals that China experienced year-on-year increases in both tire export volume and export value, although there was a decline in these figures when compared to the previous month. However, the cumulative growth data for the…

The Future of Chinese Premium Tyre Manufacturers: Opportunities and Challenges Ahead

All, Blog, Market & Trade TrendsAugust 31, 2023195Views 0Likes 0Comments

Chinese premium tyre manufacturers have an interesting future. One that’s full of both opportunities and challenges. Over the past few years, Chinese tyre manufacturers have taken great strides regarding quality, technology, and brand recognition and have emerged as some of the leading competitors in the global tyre market. As a matter of fact, many premium…

TBR Tyre Factories Adjust Strategies Amid Price Fluctuations; Guizhou and Aeolus Report Strong Semi-Annual Profits

All, Market & Trade Trends, NewsJuly 21, 2023116Views 0Likes 0Comments

TBR tire factories marketing policy in early July: In July, most truck and bus tire factories took a wait-and-see attitude, and the price policy generally remained stable. Only a small number of factories adjusted their promotion policies appropriately according to the sales situation. Details are as follows; Price increase/tightening promotion: Bridgestone cancels the original 1.3%-1.6% discount…

SuperTruck Network Flourishes, Yokohama’s ‘E+’ Marking Revolution, and Continental’s Tire Profitability in 2023

All, Blog, Market & Trade TrendsJuly 20, 202398Views 0Likes 0Comments

In 2023, the Ministry of Commerce, the Central Propaganda Department, and the National Development and Reform Commission collaborated with ten other government departments to organize the "2023 National Integrity Business Publicity Month" event. During this event, they unveiled a collection of 20 typical cases and 10 recommended cases, highlighting businesses that have excelled in upholding…

China’s tire exports to the United States face a major crisis

All, Market & Trade Trends, NewsMay 31, 2023600Views 0Likes 0Comments

Looking at the global tire market, the United States is undoubtedly the largest demand country outside China. The number of cars in the United States is about 270 million, and there are 84 cars per 100 people. According to the American Tire Manufacturers Association, the total tire deliveries in the United States will reach 334.2…

Raw material prices fall

All, Market & Trade Trends, NewsMay 16, 2023110Views 0Likes 0Comments

Crude Oil Futures Last week, U.S. gasoline inventories unexpectedly increased by 1.7 million tons month-on-month, and international oil prices fell sharply one after another. Although there was a rebound last Friday, they still fell significantly for the week. Among them, New York crude oil futures fell 7.09%, and Brent crude oil futures fell 5.33%. In…

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