30 Dec '16, 3am

Imported tyre and battery prices to go up next year?

Imported tyre and battery prices to go up next year?

According to a report by Nanyang , tyre and battery prices in Malaysia are expected to go up in 2017, with imported new and reconditioned tyres (except those from China) said to be priced between 5-10% more than before. Meanwhile, the price of tyres from China will be hiked by more than 10%. One of the reasons behind the hike, said Wu Suxing, president of the Johor State Tyre Dealers Association, is due to increasing price of raw materials, particularly the SMR20 (Standard Malaysian Rubber) rubber. In January, the average price of SMR20 (data from the Malaysian Rubber Board) was 466.89 sen/KG, but has since progressively increased to an average of 837.89 sen/KG in December. The depreciating Malaysian ringgit is also cited as a factor for the tyre price hike. Among the brands that sell imported tyres in Malaysia include Bridgestone, Michelin, Falken and Yokohama, while othe...

Full article: http://paultan.org/2016/12/30/imported-tyre-and-battery-p...

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