May 20, 2024

Chinese tire market usher in the harvest season


In the first three quarters of this year, the tire market in China was in a poor situation, sales revenue and export growth slowed sharply, and inventory levels remained high. However, after entering the fourth quarter, especially after November, the situation of production and sales of tires improved, stocks digested quickly, and equipment suppliers had won large orders, especially corporate profits. Industry forecast The last month of the year will be the season for the tire industry. Sales revenue and profits will hit record highs this year.

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