As of Oct. 8 close, Shanghai Futures Exchange main rubber contract stood at 20,145 yuan/ton, up more than 28% YTD and at a nine‑year high. Since September, over 60 tire makers have issued more than 70 price notices covering all categories — including all‑steel, semi‑steel and engineering tires — with adjustments typically in the 2–5% range. Backed by expanding overseas demand for Chinese new‑energy vehicles, the sector is targeting higher‑end OEM supply and raising product value and technical ba

As of Oct. 8 close, Shanghai Futures Exchange main rubber contract stood at 20,145 yuan/ton, up more than 28% YTD and at a nine‑year high. Since September, over 60 tire makers have issued more than 70 price notices covering all categories — including all‑steel, semi‑steel and engineering tires — with adjustments typically in the 2–5% range. Backed by expanding overseas demand for Chinese new‑energy vehicles, the sector is targeting higher‑end OEM supply and raising product value and technical barriers to help offset raw‑material cost volatility.