China tire prices rise up again in late March

China tire prices rise up again in late March

Summary

China tire prices rise up again in late March

On March 12, Guizhou Qianjin Tire Sales Co., Ltd. issued a tire price increase notice.
Since March 20, Guizhou tire all steel tire and bias tire products, price increase of 2% once again.
On the same day that Guizhou announce price increase notice, Pulin Chengshan (Shandong) Tire Co., Ltd. also issued a price increase notice.
Since April 1, the company's all-steel tires, bias tire prices of replacement market will increase by 2 percent to 3 percent.
Other tire companies will increase prices since April 1 include Bridgestone, Hankook and other international giants.