In October, tire manufacturers started a price increase model. According to reports, many companies, including Zhengxin Rubber, Magis, Giti Tire, and Linglong Tire, have announced their own price increase plans, and the increase is generally between 2% and 5%. According to statistics, at present, more than 60 tire companies have issued price increase notices. As investors, the reporter contacted the investor relations departments of Fengshen Co., Ltd. and Sailun Tire. A relevant person from Aeolus Co., Ltd. said that there was an increase in the price of some tires in October. A person related to Sailun Tire said that the price of all-steel tires will increase from October 15. As for the reason for this increase in tire prices, both companies attributed the increase in raw material prices. According to the person mentioned above from Fengshen Co., Ltd., the prices of all kinds of raw materials have increased. The person mentioned at Sailun Tire said that the rise in raw material prices has had a certain impact on the cost side. For example, prices of natural rubber, synthetic rubber, etc. have all increased.

In October, tire manufacturers started a price increase model. According to reports, many companies, including Zhengxin Rubber, Magis, Giti Tire, and Linglong Tire, have announced their own price increase plans, and the increase is generally between 2% and 5%. According to statistics, at present, more than 60 tire companies have issued price increase notices. As investors, the reporter contacted the investor relations departments of Fengshen Co., Ltd. and Sailun Tire. A relevant person from Aeolus Co., Ltd. said that there was an increase in the price of some tires in October. A person related to Sailun Tire said that the price of all-steel tires will increase from October 15. As for the reason for this increase in tire prices, both companies attributed the increase in raw material prices. According to the person mentioned above from Fengshen Co., Ltd., the prices of all kinds of raw materials have increased. The person mentioned at Sailun Tire said that the rise in raw material prices has had a certain impact on the cost side. For example, prices of natural rubber, synthetic rubber, etc. have all increased.