Since the start of 2026, the tire industry has seen a large scale wave of price increases.Linglong, Zhongce, Cheng Shin Tire, Maxxis, Guizhou Tire, Aeolus, Double Star, Ningxia Kuncheng and nearly 20 other companies have successively announced price adjustments, with general increases ranging from 2% to 5.5%.
The price hikes take effect mainly between mid March and April 1, covering a full range of products including TBR, PCR, OTR tires, and inner tubes.
Main reasons for the price increases:
· Natural rubber prices surge: Tight supply due to the tapping off-season in Southeast Asia, with prices exceeding 17,000 yuan/ton, up more than 10% in a short period.
· Crude oil and chemical raw materials soar: Rising tensions in the Middle East and disruptions in the Strait of Hormuz have sharply raised costs of synthetic rubber, carbon black, and additives.
· Logistics costs jump: Shipping routes are diverted and freight rates surge, further pushing up production and transportation costs.
Many companies stated that they have tried their best to absorb costs internally, but still cannot cover the rising expenses, forcing them to raise prices.As cost pressure continues, more tire manufacturers are expected to follow with price increases, accelerating industry consolidation.
