Over 60 tire companies issue price increase notices（Oct 14）
Since the beginning of this year, rubber prices have continued to rise. As of the close on October 8, the main rubber futures contract on the Shanghai Futures Exchange was priced at 20,145 yuan per ton, with a cumulative year-to-date increase exceeding 28%, reaching a high level not seen in nine years.
Tires are the largest downstream product of natural rubber. According to statistics, since September, over 60 tire manufacturers have collectively issued more than 70 price increase notices.
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