The policy of easing the epidemic situation has been set, and the tire market will continue to improve.

The epidemic broke out in Wuhan in December 2019, and in December 2022, it will take three years to fight. Many control measures have been added to prevent and control the epidemic in China. A series of measures, such as closing villages, roads, auto parts cities and tire stores, have had a great impact on the tire market. In the past three years, it has been difficult to do business from tire enterprises to tire stores. Fortunately, we have finally seen the dawn!

Next, I will analyze the current situation of the industry from the perspectives of investment, export, policy, production, upstream and downstream industrial chains.

Heavy truck sales rebounded and the original equipment market was bullish

According to online data, in the past November, China's heavy truck market sold about 45000 vehicles (invoicing caliber, including exports and new energy), down 7% month on month, 12% less than 51100 vehicles in the same period last year, a net decrease of more than 6100 vehicles. In 2022, the sales of heavy trucks will not rise, and the "19 consecutive declines" will be unprecedented!

The sales volume of heavy trucks has fallen to the bottom. It is impolite to say that the sales volume of heavy trucks is still at the bottom, and the sales volume is bound to rebound next year! Not only that, truck manufacturers are also optimistic about the 2023 heavy truck market!

CNHTC: On November 12, 2022, on the investor relations platform, CNHTC said that the worst moment of the current market has passed. With the steady development of the economy, the heavy truck market will gradually recover.

In other words, CNHTC believes that the heavy truck market in 2023 will be better than that in 2022!

FAW Jiefang: It is reported that Ji Yizhi, the deputy general manager of FAW Jiefang, said that many adverse factors were concentrated in this year, and the sales of the whole medium and heavy truck industry declined precipitously. However, truck is a cyclical industry. The trend in the next few years should be better. The heavy truck market next year should be better than this year.

Foton Automobile: According to public information, Foton Automobile predicts that heavy trucks will grow 15-20% year on year in 2023!

The recovery of heavy truck sales is bound to drive the original tire market. After the epidemic situation gives way, the freight and passenger markets are bound to rise. The tire replacement market may usher in a small climax!

The total investment is 7 billion and the annual treatment capacity is nearly 2.3 million tons

Recently, the new waste tire recycling project of Hubei Qicheng Lianghuan Technology Co., Ltd. was approved. The project is located in Laohekou Circular Economy Industrial Park, with a total investment of 1.79 billion yuan. It is planned to start construction in March 2023, with a floor area of 122700 square meters. 55 waste tire cracking production lines will be built, forming an annual processing capacity of 800000 tons of waste tires, 230000 tons of cracked carbon black, 192000 tons of tire steel wire, and 280000 tons of tire oil. On September 21 this year, Laohekou City signed a cooperation agreement with Qicheng (Shandong) Science and Technology Development Co., Ltd., which officially settled the project of cracking and extracting carbon black from 2 million tons of waste tires annually, with a total investment of up to 6 billion yuan. On October 14, Hubei Qicheng Lianghuan Technology Co., Ltd. was established in Laohekou City. It is a branch of Qicheng (Shandong) Technology Development Co., Ltd. with a registered capital of 156.88 million yuan. It is mainly responsible for promoting, operating and expanding waste tire recycling projects. The waste tire recycling project of Qicheng Company to be started soon is the first phase project of Hubei base.

On November 16, the "Recycled Rubber Recycling Project" of Guizhou Tire Co., Ltd. passed the completion environmental protection acceptance. The project will be started in July 2021 and completed and commissioned in June 2022. The designed capacity of recycled rubber is 5000 tons/year. The total investment of the project is 40.546 million yuan. The main raw materials of the project are returned and used tires from Guizhou, with an annual processing capacity of about 6250 tons.

Recently, Fuyang Branch of Hangzhou Municipal Bureau of Planning and Resources released the Planning Conditions and Architectural Design Scheme Publicity of Hangzhou Zhongce Qingquan Industrial Company's 20000 ton/year Waste Tire Efficient and Clean Recycling Project on the local government website. According to the scheme design, after the project is put into operation, it is estimated that 20000 tons of waste tires can be disposed every year, which can reduce 8000 tons of raw oil consumption and 21000 tons of carbon dioxide emission during the production of carbon black.

In November of this year, a green and intelligent comprehensive treatment project for waste tires is seeking urban implementation and capital cooperation. The project plans to invest 100 million yuan to build a 20000 ton new technology waste tire treatment plant. After completion, the annual output value can reach 150 million yuan. The project can use 100% of the value of waste tires, with low cost and high income.

In November, the construction project of waste tire and waste rubber recycling production line in Qichun County, Huanggang, Hubei Province was announced. The project plans to build 6 production lines for recycling waste tires and rubber, with an annual disposal of 30,000 tons of waste tires and rubber. The total investment of the project is 50 million yuan. It is planned to start construction in November and complete construction in March next year.

Wanxiang Xinyuan Technology Co., Ltd. recently passed the Proposal on the Subsidiary's Application for Loans and Guarantee from the Bank, and its subsidiary Wanxiang Xinyuan (Ningxia) Intelligent Environmental Protection Technology Co., Ltd. plans to apply for a loan of 100 million yuan from Bank of China Limited Qingtongxia Sub branch for the first phase of the company's 200000 t/a waste tire recycling project due to the needs of production, operation and development.

In October this year, the waste tire comprehensive utilization project invested by Guangxi Xingye Kangmao Renewable Resources Recycling Co., Ltd. with an investment of 60 million yuan was completed, and three waste tire cracking production lines were built. When the project is completed and put into operation, the annual output value of the company can reach 75 million yuan. It can handle 30000 tons of waste tires annually.

The production line construction project with an annual output of 30000 retreaded tires of Shaoyang Fengtong Tire Retreading Co., Ltd. was completed and accepted recently. The project is located in Shaoyang Economic Development Zone, Hunan Province, covering an area of 2200 square meters, with an investment of 5 million yuan, including 280000 yuan for environmental protection. After completion, an annual production capacity of 30000 retreaded tires and 10000 tons of rubber blocks will be formed.