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…
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…
Many experts now think and believe that the world is heading toward a recession. However, that has not affected the prices of Chinese tires. As of now, raw material and finished goods supply chains are working rapidly and emerging from historic bottlenecks. This has finally given Chinese tyre manufacturers an excellent opportunity to supply tires…
Lower freight charges are one of the key reasons behind a steep drop in Chinese tyre prices. These freight costs have been decreasing steadily over the last few months and have contributed significantly to a gradual increase in foreign orders for Chinese tire makers and traders.
In fact, it has been observed that the slow…
The majority of commodities are shipped around the world by water, and since the epidemic, the global freight market has been unstable and unreliable. The surge in freight is due to several factors, including the shutdown of some ports, a scarcity of containers, and the worldwide petroleum crisis. The rates for freight have tripled from…
As COVID 19 has reared its head again, Shanghai and other Chinese ports have been put under pandemic-related restrictions. While the ports are open for business, the lack of manpower is leading to prolonged waiting periods for the vessels at these ports.
This backlog has led to a drop in the availability of transoceanic container…
The Lockdown in China has put up restrictions on the movement of truck shipments due to the spread of the Covid-19. The truck shipments are carrying crucial components for the factories and different kinds of products for the ports. By blocking the truck shipments there could be a delay in the manufacturing of new products.…
Tire prices were repeated increased in the year 2021 and are predicted to follow the same pattern in the year 2022. As the operations all over the world are getting back on its pace the growing demand for truck and car tires is increasing day by day. The supply chain of the world is still…
China is the largest tire exporter in the world and its economy is dependent on the foreign revenue that they earn from exporting worldwide. The pandemic had a huge impact on China as trade was shut for several months.
China’s province Shandong is known as the tire and rubber hub. Most of the tires exported…
Sea freight has been an interesting topic for all the industries worldwide, especially for the tire industry. This is the longest time in history that the freight has been skyrocketing and currently, the freight seemed stable on the shipments from China in February but is expected to increase again. The freight has been 4 or…
Most of the goods all over the world are transported by sea and the freight all over the world has been unstable and disturbed after the pandemic. There are multiple reasons for the freight increase such as the closure of certain ports, container shortage and fuel crisis in the global market. Freight has been quadrupled…
The power crisis has hit the Chinese tire industry very hard. Beijing has set strict targets to cut emissions. This has been done to deal with the rising demand for electricity as well as surging gas and coal prices.
However, it is not just this industry but many others that have been forced to curtail…