Many tire companies will start to increase prices on New Year's Day

Recently, Fengshen Tire Co., Ltd. issued a price adjustment notice.

From January 1, 2017, the price of Aeolus All Steel Radial Tire will increase by 2%-3%.

Aeolus All Steel Radial Tire Price Up 2%-3% Aeolus All Steel Radial Tire Price Up 2%-3%

The company said that due to the recent rising prices of main raw materials for tires and rising product costs, it compares the sales prices of its peers and considers market acceptance to make such decisions.

It is understood that the New Year's Day 2017 is the starting date for a new round of price adjustments for a number of tire companies, including Bridgestone, Goodyear and other international brands.

Among them, Bridgestone part of the price of all steel tire products increased by 3%, Dalian Goodyear part of the price of truck tires specifications rose 3% -5%.

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