Rubber prices climbed more than 30%
The price of natural rubber has risen steadily, and the production costs of downstream companies have continued to increase. This has caused tire companies that are in the “squeezing down†environment to continue to reduce their production. However, due to cost support, tires at home and abroad have once again raised their prices, and tire companies’ main business revenue in 2010 still performed well, but the profitability situation was hot and cold. Swell in cost has been falling month by month China Rubber Industry Association tire branch recently announced a set of data on its website, saying that "since the fourth quarter of 2010, due to the high price of natural rubber and other raw materials, production costs have skyrocketed, tire companies began to adjust tire production." According to the survey conducted by the association, 45 companies, including Hangzhou Zhongce, Aeolus and Shuangqin, had a 2.5% decline in output growth in October 2010 compared to September, and a 3.1% decrease in November compared with October. It fell by 2.2% in November. At the same time, a comparative analysis was conducted on the production of the seven companies in January 2011. In January, the output decreased by 4.84% from the previous year. The association said that it is estimated that in February due to the Spring Festival holiday and other factors, the decline in output is even greater. At the same time, the association also conducted investigations on the opportunities for 20 domestic and foreign-funded enterprises to use the Spring Festival maintenance equipment and extend the length of the holiday. Three out of 3-4 days of extended rest, and 10 out of 5-7 days. 8- There are 6 in 10 days and 1 in 21 days of rest. Judging from the analysis, most companies spent more than 3-5 days in the 2011 Spring Festival than in previous years. Several companies basically did not leave for the Spring Festival in previous years, and they also rested for 5-7 days in 2011. The association further emphasized that the price of natural rubber has deviated greatly from its own value. Tire companies cannot absorb the pressure of rising costs, prompting many companies to adjust their production plans, reduce the amount of natural rubber, and balance factory inventory tires and dealer tire inventory. Reasonable inventory. Due to many uncertainties such as artificial speculation, natural rubber prices are likely to remain at high levels. Therefore, the tire industry continued to plead for the relevant national departments to cancel the import tariffs on natural rubber and place the State Reserve rubber as soon as possible to ensure that tire companies to maintain normal production and operation. Domestic and foreign markets increase prices by more than 5% According to reports, since 2011, global multinational tire companies and domestic tire companies have basically formulated tire price increase programs again, mostly in the range of 5%-10%. German Continental Tire Company increased the price of commercial vehicle tires in Europe and other regions from 7% on February 1, 2011; Michelin Tire Company increased the price of tires for passenger cars and light trucks in North America and other regions by 8% again. The price of industrial tires rose by 7%. From January 1st onwards, the company began raising its price again by 8%; Sumitomo Tire Co., Ltd. began operations on January 1 in North America, Europe, South America, Africa, Oceania, Asia, and the Middle East. The region raised the price again by 5%-10%; Yokohama Tire Co., Ltd. raised the price of commercial tires by 6% in the United States and other countries and regions from January 1st, and raised the price of construction tires by 5%; Pirelli Tire Co., Ltd. started from March 1st. In Europe, the Middle East, Africa, and Asia, prices have once again increased by about 7%; Bridgestone Tire Co., Ltd. has again raised the prices of trucks, passenger cars, agricultural tires, and construction tires in the United States, Japan, and other countries and regions since March 1. About 7%. Global multinational tire companies have established tire companies (factories) in China. Since the beginning of 2011, foreign companies such as Michelin, Bridgestone, Cooper, Hankook, Kumho, Yokohama, Sumitomo and other tire companies have once again announced a price increase of 5%-8% in China's tire matching and replacement market. Domestically-funded companies such as Shuangqian, Triangle, Hangao, Guilun, Fengshen, Linglong, and South China Tire Company once again raised the prices of domestic tires by 5%-8% and exported tires by about 6%. Tire loss companies have exceeded 30% Tire prices fell, and the main income of domestic larger tire companies in 2010 still looks good. According to a report by the China Business News reporter on the website of the China Rubber Industry Association's “Top 100 (Tire) Top 100 Companiesâ€, Hangzhou Zhongce topped the list of the main income of 24.466 billion yuan, and in 2009 the company’s main business The business income is about 16 billion yuan, and the main business income has increased by about 50%. The three listed companies in the tire companies also performed well. The double-money shares had a total revenue of 9.096 billion yuan, while in 2009 the company’s operating revenue was only about 7.2 billion yuan. Fengshen’s main revenue is RMB 8.1 billion, which was approximately RMB 5.6 billion in 2009; Yufeng’s main revenue is RMB 6.1 billion, and in 2009 it was RMB 4.7 billion. In spite of the high cost of suffering, the earnings forecast announced by Shuang Qiang (600623) shows that its 2010 performance is expected to increase by about 50% from 2009. However, the company said that the growth in its performance was mainly “the annual sales of steel tires reached 6.17 million. Compared with the same period in 2009, the sales of all-steel tires increased by about 27%, which diluted the fixed costs, offsetting the impact of rising prices of some raw materials. In 2010, the company transferred a 28.5% stake in Shanghai Michelin Huali Tire Co., Ltd. and a 79.75% stake in Shanghai Qiang Group Rubber Co., Ltd. for a total of 181 million yuan. However, Aeolus issued a pre-reduction announcement saying that "the cost of the company's main raw material for production, especially natural rubber, has increased substantially compared with the same period in 2009, and the company's net profit will be reduced by about 50%."é»” Tire also expects 2010 net profit to decline by 50%-70% compared to the same period of last year. However, insider of the China Rubber Industry Association tire branch said that natural rubber prices remain high, at least 30% to 40% of tire companies in 2010, and the loss is still expanding. Mitsubishi Diesel Generator,1450KVA Mitsubishi Diesel Generator,2030KVA Mitsubishi Diesel Generator Hiersun Machinary & Equipment Co., Ltd , http://www.tzgasolineengine.com