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High Cost Of Tire This Year Hard To Be Adjourned To The Scenery
In the past year, the domestic Tire Enterprise collective "fever", but, faced with high cost pressure, tire companies can no longer scenery this year. Related Reading: Tariff out of the way material export prices compounded the tire business Goodyear tires will increase the investment in the Asia Pacific region
Yesterday, 30,000 tons of natural rubber in the cast have little effect savings plans, the reality facing shortage of stock, futures Market Still excited, Hujiao main 1009 contract closed 25,565 yuan / ton, 13 April settled up 195 yuan / ton.
"From raw material point of view, this natural rubber, synthetic rubber prices will remain at the 2000-2500 average of U.S. dollars / ton, higher than last year's 1500-2000 U.S. dollars / ton. For the tire, the current price of such standard will enable them to make little profit. "Guoxin Securities researcher Aihua said.
It is understood that the main raw material for the production of tire rubber, its share in the cost of radial tire is about 50%, so the price of natural rubber on rubber tire industry, a greater impact. Data showed that natural rubber prices since November last year, gains from a sudden acceleration in April this year, the spot market price of natural rubber has risen to 2.5 yuan / ton.
With sudden high raw material costs, tire companies have been rising in the high margin in any division in the fourth quarter of last year. One-quarter gross margin from the point of view, Qian Luntai A four quarters were 19%, 22%, 23%, 30% continued to show rising trend; Fengshen shares were 9%, 25%, 25%, 31% , show rising trend; S Jia Tong were 14%, 25%, 25%, 20% in the fourth quarter, gross margins declined; ST Yellow Sea and the fourth quarter gross margin was also down.
The same time, the profitability of differentiation hidden price transmission lag. According to news from the Office of the understanding of the industry, some tire companies in the production process of natural rubber reserves of 3 months, therefore, Qian Luntai A, Aeolus still maintaining a high level in the last quarter gross margin is not hard to understand.
It is reported that in response to the operating pressure of rising costs, the domestic tire companies have launched a second wave of price increases during the year tide. Among them, the general rise in prices of domestic cars tires 3-8%, industrial tire prices rose more than 10%. However, Qian Luntai secretaries to directorate told reporters Rectification admits, after a rapid expansion of industry after the first two years, overcapacity has become an indisputable fact, therefore, faced with fierce competition in the domestic tire industry, a situation, price increases will mean face greater competitive pressure, it is generally a deterrent for businesses raise prices.
View of this, special protective case, the domestic tire companies not only have to face this predicament in exports, will also face high costs, price increases difficulties in numerous tests. Perhaps this year the domestic tire industry can no longer beautiful.
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