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Awesome!!! China's tire output was super high in January and February

Awesome!!! China's tire output was super high in January and February

Issue Time:2021-03-16
In January and February, tire production increased by more than 16 percent.
In February 2021, China's total output of semi-steel tires was 29.428,600, 108.41% year-on-year growth. From January to February 2021, China's accumulative output of semi-steel tires was 73,998,600 pieces, 73.53% year-on-year growth and 16% higher than that from January toFebruary 2019.
Statistics from all-steel tire manufacturers show that in February 2021, China's total output of all-steel tires was 7.76 million, 132.27% year-on-year growth.China's total output of all-steel tires from January to February 2021 reached 20009 million pieces, 86.28% year-on-year growth and increase 19% compared with January-February 2019.
Domestic factory utilization rate rise up
On the demand side, the all-steel tire start load of Shandong tire enterprises was 77.20% last week, 2.7% increase from last week, 22.43% from the same period last year, and 2.56% from the same period in 2019.
The semi-steel tire start load was 72.90%, 1.43% from last week, 20.85% from the same period last year, and 2.63% from the same period in 2019.
Raw material price is firm
In addition, the total steel tire finished product inventory days of sample manufacturers were 21.68 days, with a month-on-week decrease of 7.5 days.The inventory days of semi-steel tire finished products were 25.18 days, which decreased by 5.6 days from week to week.
At present, rubber supply continues to be in the global low production period, and the domestic social inventory began to decline, the overall downstream production load is high.

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