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IndiaQ1 2025
In the first quarter of 2025, the bead wire market experienced a notable price increase of $792 per metric ton, FOB Qingdao representing a 0.32% rise compared to the previous period. This modest yet impactful uptick reflects underlying factors such as increased demand from the automotive and tire manufacturing sectors, coupled with persistent cost pressures from raw material inputs like high-carbon steel. Additionally, global logistics disruptions and supply chain constraints have contributed to tightening availability, supporting the upward price movement. Market participants are closely monitoring these dynamics, as further price shifts could influence procurement strategies and downstream production costs.
Q4 2024
In Q4 2024, the bead wire market experienced a notable price increase of $789 per metric ton, FOB Qingdao representing a 2.64% rise compared to the previous quarter. This upward trend can be attributed to a combination of rising raw material costs, particularly high carbon steel, and increased demand from the tire manufacturing sector, which relies heavily on bead wire for reinforcement. Additionally, supply chain disruptions and heightened energy costs have exerted upward pressure on production expenses, further contributing to the price escalation. Market participants are closely monitoring these dynamics, as sustained demand and constrained supply may continue to impact pricing into early 2025.
Q3 2024
In Q3 2024, the bead wire market experienced a notable price decrease of $769 per metric ton, FOB Qingdao representing a 7.14% decline from the previous quarter. This downward trend can be attributed to several factors, including reduced demand from the automotive and tire manufacturing sectors, which are major consumers of bead wire. Additionally, a global softening in raw material prices, particularly steel, contributed to the lower costs. Increased production capacity and inventory levels among major manufacturers may have also exerted downward pressure on prices. This price drop reflects a broader trend of market correction following prior quarters of elevated pricing driven by supply chain constraints.
Q2 2024
In Q2 2024, the bead wire market experienced a notable price decline of $828 per metric ton, FOB Qingdao representing a 1.64% decrease from the previous quarter. This downward trend reflects a combination of factors, including reduced demand from the automotive sector, easing raw material costs, particularly steel, and improved supply chain conditions. The price adjustment also indicates a market correction following earlier inflationary pressures. Manufacturers and suppliers may view this as a signal of stabilization, prompting a cautious yet strategic approach to inventory and procurement planning for the upcoming quarters.
Q1 2024
In the first quarter of 2024, the bead wire market experienced a notable price increase of $842 per metric ton, FOB Qingdao marking a 1.42% rise compared to the previous period. This upward trend was primarily driven by higher raw material costs, particularly steel, along with increased demand from the automotive and tire manufacturing sectors. Supply chain constraints and elevated energy costs further contributed to the price escalation. Despite the relatively modest percentage increase, the significant jump in per-ton cost reflects mounting pressure on production expenses, suggesting a continued tightening of margins for manufacturers and potential downstream pricing adjustments in related industries.
Q1 2025
In Q1 2025, the bead wire market in India saw a price increase of $923 per metric ton, Ex-Ludhiana marking a 0.97% rise driven by higher input costs and moderate demand from the tire manufacturing sector. This price movement aligns with broader trends in the wire rod market, where induction furnace route wire rod prices rose sharply due to elevated costs of raw materials like steel billets and sponge iron. The increase reflects the continued impact of rising production expenses, as high carbon wire rods comprising a major portion of bead wire cost saw steady price growth in hubs like Durgapur and Raipur. With automotive sector growth and demand for advanced tires rising, the bead wire industry is expected to expand further, though it remains sensitive to fluctuations in raw material prices and energy costs.
Q4 2024
In Q4 2024, bead wire prices in India rose by $914 per metric ton, Ex-Ludhiana marking a 1.18% increase, driven primarily by higher input costs and supply constraints. The surge in prices of high-carbon steel wire rods, the main raw material, alongside elevated energy expenses due to power-intensive manufacturing processes like annealing, significantly impacted production costs. Domestic supply issues, particularly reduced output from major producers like Rashtriya Ispat Nigam Limited, further tightened availability, prompting increased reliance on imports. These combined factors led to upward pressure on prices, reflecting both cost-push inflation and supply-side limitations in the Indian bead wire market.
Q3 2024
In Q3 2024, India’s bead wire market experienced a notable price decline, with average prices dropping by $903 per metric ton, Ex-Ludhiana reflecting a 2.27% decrease. This downturn was primarily attributed to subdued demand from key downstream sectors such as binding and galvanized iron (GI) wire manufacturing, which reduced their production by approximately 30–40% during this period. The reduced demand led to a decrease in raw material prices, including sponge iron and steel billets, which are crucial inputs for bead wire production. Additionally, maintenance shutdowns at major mills and limited availability of semi-finished steel further constrained production volumes. Despite these challenges, market participants anticipated a stabilization in prices, with expectations that the market had reached its bottom and would remain range-bound in the near term.
Q2 2024
In Quarter 2 of 2024, the bead wire market in India witnessed a notable price decrease, with a reduction of $924 per metric ton, Ex-Ludhiana reflecting a 0.11% dip. This slight price correction could be attributed to various factors, such as fluctuations in the global steel market, changes in raw material costs, or shifting demand dynamics. The price drop, although modest, may influence the profit margins for manufacturers and impact the overall market sentiment. Industry stakeholders, especially those involved in production and distribution, might need to adjust their pricing strategies and operational plans to maintain competitiveness amidst this small but significant shift in pricing.
Q1 2024
In Quarter 1 of 2024, the bead wire market in India experienced a price decrease of $925 per metric ton, Ex-Ludhiana representing a 0.47% reduction. This drop in pricing could be attributed to several factors, including fluctuations in raw material costs, changes in demand, or adjustments in the global supply chain. Despite the relatively modest percentage decrease, the reduction may indicate increased competition or an effort to maintain market share, especially as manufacturers may look to adjust to shifting consumer behavior or external economic pressures. It’s important for industry stakeholders to monitor such pricing trends closely, as even small price movements can have significant implications for production costs, profitability, and long-term pricing strategies.
PriceWatch is your trusted resource for tracking global bead wire price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the bead wire market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence bead wire prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely bead wire market data.
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Molecular Weight[g/mol]
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Bead wire is a high-carbon steel wire used primarily in the reinforcement of tire beads, ensuring tire strength, durability, and proper fitting onto the wheel rim. It plays a crucial role in the automotive and industrial sectors, enhancing tire performance and safety. Bead wire is also used in various mechanical and structural applications requiring high tensile strength.
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Incoterms Used
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | High Tensile Bead Wire | Low Tensile Bead Wire |
| Material | (C 0.72%-0.96%) | (C 0.65%-0.95%) |
| Tensile Strength | 2300–3400 MPa | 1370–2200 MPa |
| Diameter | 0.78 mm – 2.50 mm | 0.78 mm – 2.50 mm |
| Elongation | 2.5% – 4.5% | 3.5% – 6.0% |
| Coating | Brass or bronze | Brass or bronze |
Applications
• Raw Material Costs – Bead wire is primarily made from high-carbon steel. Fluctuations in steel prices directly impact on bead wire costs.
• Supply and Demand – Increased demand from the automotive and tire manufacturing industries can drive prices up, while oversupply can lower them.
• Manufacturing Costs – Expenses related to labor, energy, and technology used in production can affect the final price.
• Global Trade Policies & Tariffs – Import/export duties, trade restrictions, and tariffs on steel products can influence costs.
• Market Competition – The number of manufacturers and their pricing strategies play a role in setting competitive prices.
• Exchange Rates – Since bead wire is traded internationally, currency fluctuations can affect its pricing in different markets.
The availability and cost of raw materials such as high-carbon steel and alloy coatings directly affect bead wire production costs and pricing.
Bead wire prices tend to rise with inflation, primarily due to increased production costs, but sustained demand from the automotive and industrial sectors helps maintain pricing trends despite broader economic fluctuations.
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