Oversupplied domestic tire market is sluggish or will continue

Although in 2013, the tire production rate of tires enterprises in the Mainland was higher than that of 2012, the gap between the supply and demand of the tire market is increasing as the increase in automobile production is significantly lower than the increase in tire production.

Industry insiders believe that the current structural overcapacity of tyres has been exacerbated, the price reduction in the tire market is expected to continue, and the market price war has further intensified. In general, the domestic tire market will continue to slump.

In the current downturn of the domestic tire market, tire companies still maintain a high operating rate. This is because: The sharp fall in the prices of main raw materials for tires provides sufficient profit margins for tire manufacturers; export orders are relatively stable, the U.S. economy is steadily warming, providing a certain opportunity for tire exports, and emerging markets such as the Middle East and South America gradually developed.

According to relevant data, the export volume of all-steel tires in the first five months of 2013 was about 971,842 tons, a year-on-year increase of 6.8%.

Compared to sufficient capacity, the demand for tires is not optimistic. According to relevant surveys, demand for all steel tyres in the first half of 2013 fell by 20% to 40% from the same period of last year. In the traditional peak season of consumption, the demand for tires did not pick up.

In addition, the increase in car production is far less than the increase in tire production. In the first five months of 2013, the production of mainland automobiles was 9,077,200 vehicles, an increase of 13.49% year-on-year. The production of passenger cars was 7,301,600, an increase of 15.16% year-on-year, and the increase was slower than in April; commercial vehicle production was 1,775,600, an increase of 7.12% year-on-year, and the year-on-year increase continued to rise steadily from April. From the above data, we can see that the demand for the tire matching market has steadily increased. However, the total production of Chinese radial tires increased by 34.6% year-on-year from January to May this year.

According to research reports, the financial crisis has a great impact on China's tire manufacturing market. At present, the domestic tire market continues to slump, driven by the growth in export demand, the tire industry should actively adjust the industrial structure and solve the problem of structural overcapacity as soon as possible.

Titanium Dioxide For Paint

Titanium Dioxide Paint Grade,Titanium Dioxdie For Car Paint,Titanium Dioxide For Road Mark Paint,Water Based Paint Titanium Dioxide

Guangdong Jintai Titanium Industry Co.,ltd , https://www.pzhjintaitio2.com

Posted on