According to the survey, in the third quarter of this year, China’s tire industry showed a “slow peak season” phenomenon.
In particular, the whole steel tire products in the replacement and matching market performance is very low.
The analysis points out that weak domestic demand and limited matching orders are the main reasons for the market downturn.
An enterprise revealed that the domestic supporting market has not been good, and the replacement market is susceptible to the impact of the epidemic.
In this case, the whole steel tire sample enterprise operating rate, the third quarter year-on-year and quarter-on-quarter double down.
Relative, half steel tire sample enterprise operating rate, the year-on-year increase of more than 9%.
It is reported that the excellent performance of the half steel tire is due to the strong demand for overseas orders.
In September, lower shipping costs and a fall in the value of the renminbi gave companies an incentive to export.
Overall, into the third quarter, tire enterprise profit level, compared with the previous quarter increased.
But with demand weak and raw material prices rebounding, profit margins still need to be improved.
Currently, many business executives predict that the market will recover in the first and second quarters of next year.