Oct All-Steel Tire Industry Operating Rate Edged Up

Highlights:

n October, China’s all-steel tire market remained average. According to the changes of all-steel tire market, SCI summarized that:

Price policy: Prices of warranted tires increased by 2%-3% in October. Meanwhile, prices of third-party warranted tire remained relatively stable.

Market sentiment: Affected by National Day holiday, the trading atmosphere was lukewarm at the first week of October, dragging down the whole sales. Distributors presented a bearish sentiment. By late October, although the sales picked up slightly, the whole market sentiment hardly improve.

Market inventory: In October, distributors stocked up in a small quantity and mainly met their rigid demand. However, due to the unfavorable sales, the whole inventory edged up in October. Besides, the inventory of warranted tires was relatively high.

Market sales: In October, sales of tubeless tire picked up gradually. Sales of high-end third-party warranted tires were favorable. Sales of economic warranted tires were favorable while those of foreign-brand tire underperformed.

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