Market & Trade Trends – Page 3 – Trojan

Key Factors Behind the Hike in Ocean Freight Rates

All, Market & Trade Trends, NewsMay 22, 2024414Views 0Likes 0Comments

Ocean freight container spot rates have sharply risen on major global trades since May's onset, leading to speculation of an early peak season in 2024. Emily Stausbøll, Senior Shipping Analyst at Xeneta, attributed this surge to several key factors: 1. Record Demand: Q1 2024 witnessed a remarkable 9.2% increase in demand compared to the previous year. …

EU Antitrust Regulators Raid Pirelli, Continental, Michelin, and Nokian in Cartel Investigation, Prompting Share Declines

All, Market & Trade Trends, NewsFebruary 1, 2024859Views 0Likes 0Comments

In a major move, EU antitrust regulators conducted surprise raids on tyre industry leaders Pirelli, Continental, Michelin, and Nokian, triggering a notable decline in their shares. The European Commission, responsible for imposing competition rules in the EU, revealed the investigation without disclosing specifics in line with its usual protocol. Pirelli, maintaining its innocence, assured full…

Global Increase in Demand for Chinese PCR Tyres

All, Blog, Market & Trade TrendsJanuary 25, 2024658Views 0Likes 0Comments

Over the past few years, there's been a noticeable change in the landscape of the automotive industry, specifically when it comes to international trade dynamics. A notable trend has occurred with the remarkable increase in the popularity of Chinese tyres. Amidst the era of interconnected economies and continually changing consumer preferences, Passenger Car Radial (PCR)…

Red Sea Crisis Deepens: Global Trade Struggles Amid Increasing Regional Tensions

All, Market & Trade Trends, NewsJanuary 18, 2024768Views 0Likes 0Comments

In a concerning escalation, constant attacks by Houthi militants in the Red Sea are initiating unprecedented disruptions to global trade, rivaling the challenges faced during the pandemic. Industry experts, including Maersk's CEO, Vincent Clerc, and Amin Nasser, CEO of Aramco, have expressed fears of a prolonged effect on global shipping. The crisis has forced major…

Tyre (Tire) Industry Dynamics: Recent Price Adjustments and Market Insights

All, Market & Trade Trends, NewsJanuary 16, 2024419Views 0Likes 0Comments

Continental Tire's Strategic Adjustment in Response to Increasing Costs In a proactive move, Continental Tire of Germany has made a notice on January 5, 2024, announcing an upcoming tire price adjustment. Quoting the persistent high costs of raw materials, logistics, freight, and energy, the company predicts challenges in short-term improvements. The product purchase rates are…

Concerns Arise Over Fluctuating Natural Rubber Prices and Decreased Tyre (Tire) Factory Operations

All, Market & Trade Trends, NewsJanuary 15, 2024378Views 0Likes 0Comments

Unpredictable Drifts in Natural Rubber Prices In a recent development affecting the tyre industry, the operational load of tyre factories has faced a significant decline, clashing with fluctuations in the price of natural rubber. According to the Xinhua Index, the natural rubber price index, checked from January 2 to 8, shows an overall unstable trend,…

U.S. Begins Investigation on Chinese Tyre (Tire) Imports; Domestic Industry Adapts to Global Trade Shifts

All, Market & Trade Trends, NewsJanuary 15, 2024340Views 0Likes 0Comments

In a move to protect domestic interests, the U.S. Department of Commerce officially began the first anti-dumping and countervailing sunset review inspection into truck and bus tyres imported from China on January 2. A spokesperson from a leading tyre company, answering to the announcement, characterized it as a routine reevaluation of existing trade protection measures.…

Natural Rubber at Peak Levels Contradicts Decrease in Carbon Black Prices

All, Market & Trade Trends, NewsNovember 28, 2023334Views 0Likes 0Comments

As of November 14, 2023, the primary rubber price stood at 14,450 yuan per ton, signaling a continuing upward shift from previous days. This contrasts with the scenario in August when the basic rubber price lingered below 12,000 yuan per ton. Over the past 2-3 months, the natural rubber market has experienced a notable increase,…

Global Light Truck Sales Increase, And Export Tires Are In Short Supply

All, Market & Trade Trends, NewsOctober 17, 2023352Views 0Likes 0Comments

In August 2023, there was a consistent uptick in the sales of light vehicles globally, marking the sixth consecutive month of growth. These sales surged by 9.6% when compared to the same period the previous year, reaching a total of 7.3 million units. Furthermore, when we consider the period from January to August, cumulative sales…

China’s Tire Export Declined In August Compared With July

All, Market & Trade Trends, NewsSeptember 22, 2023329Views 0Likes 0Comments

On September 18th, the General Administration of Customs published tire export data for the month of August 2023. The data reveals that China experienced year-on-year increases in both tire export volume and export value, although there was a decline in these figures when compared to the previous month. However, the cumulative growth data for the…

The Future of Chinese Premium Tyre Manufacturers: Opportunities and Challenges Ahead

All, Blog, Market & Trade TrendsAugust 31, 2023537Views 0Likes 0Comments

Chinese premium tyre manufacturers have an interesting future. One that’s full of both opportunities and challenges. Over the past few years, Chinese tyre manufacturers have taken great strides regarding quality, technology, and brand recognition and have emerged as some of the leading competitors in the global tyre market. As a matter of fact, many premium…

TBR Tyre Factories Adjust Strategies Amid Price Fluctuations; Guizhou and Aeolus Report Strong Semi-Annual Profits

All, Market & Trade Trends, NewsJuly 21, 2023313Views 0Likes 0Comments

TBR tire factories marketing policy in early July: In July, most truck and bus tire factories took a wait-and-see attitude, and the price policy generally remained stable. Only a small number of factories adjusted their promotion policies appropriately according to the sales situation. Details are as follows; Price increase/tightening promotion: Bridgestone cancels the original 1.3%-1.6% discount…

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