[Rubber prices soar, more than 60 tire companies collectively increase prices] October 9th, since the beginning of this year, rubber prices have continued to rise. As of the close of October 8th, the main rubber contract price on the Shanghai Futures Exchange was 20,145 yuan per ton, with a cumulative increase of more than 28% during the year, at a nine-year high. Tires are the largest downstream product of natural rubber. The increase in the price of rubber raw materials directly affects the costs and benefits of the tire industry. According to statistics, since September, more than 60 tire companies have issued more than 70 price increase letters, covering all categories of all-steel tires, semi-steel tires, and engineering tires. The price adjustment range is generally between 2% and 5%. Thanks to the continued expansion of domestic new energy vehicles in overseas markets, the tire industry is focusing on the high-end supporting market, hedging against the uncertainty of changes in raw material costs by increasing product value and building technical barriers. (CCTV Finance)