Industry news

Recently, the agricultural equipment sector has witnessed a significant technological breakthrough with the development and application of innovative tractor steering tires. This technological advancement has injected new vitality into the intelligent and efficient transformation of agricultural production, further promoting the modernization of agricultural equipment.

Recently, the tire industry has been hit by a significant surge in raw material prices, prompting numerous tire manufacturers to announce price hikes. This trend has sparked widespread concern among both consumers and market analysts.

Some essential points for maintaining forklift tires

On September 18, 2024, the General Administration of Customs released tire export data for August 2024. China's tire exports saw growth both month-on-month and year-on-year in August.

Since the beginning of this year, the natural rubber index of the Shanghai Futures Exchange has increased by over 38%, closing at 19,630 points on September 30, marking a new five-year high for the natural rubber index. Alongside the futures prices hitting new highs, spot prices of natural rubber have also reached a five-year peak. According to iFinD data, the domestic spot price of natural rubber was 17,942 yuan per tonne on September 30, a new five-year high.