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…

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.…

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…

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…