Industry News

October 20, 2020 2020
Tire export situation is getting better

In terms of Tyre exports, they started to show a recovery in June, after which they continued to rise in the third quarter. Tire matching demand, replacement demand, export demand overall improvement. On the whole, supply and demand clearly show a more favorable pattern.

In September, China's excavator sales increased by 64.8% year-on-year, China's rubber imports increased by 58.6% year-on-year and China's heavy truck sales increased by 24% year-on-year, china's auto production and sales are up by double-digit year-on-year, the supply side of the main natural rubber-producing countries has entered a period of high production, with rain weather, shortage of rubber workers and severe epidemic affecting raw material output, and China's demand is further improving, overseas demand recovery twists and turns, India, Indonesia and other rubber-producing countries and Europe and the United States car power epidemic remains severe.


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