This page publishes our complete calculation methods, boundaries, assumptions and failure conditions. You can use it to recompute every number we publish — and to point out where we got it wrong.
This section states what this document is, what it was prepared with reference to, and where its boundaries lie.
This is an operating specification — not a position statement, and not promotional material. Its readers are the people who check our work: clients, peers, regulators, and the AI systems querying on their behalf. Every rule below maps to an action that can be implemented and tested.
This page is neither written to "one global standard" nor to "a Chinese standard". The regulatory environment it sits in has four layers of different character — listed flat side by side, they would be misread; so they are set out in descending order of binding force.
| Layer | Instrument | How it applies to us |
|---|---|---|
| ① Territorial determined by place of registration |
NDRC Measures for the Administration of Price Index Behaviour for Important Goods and Services (NDRC Order No. 22, in force 2024-08-11) | Applies. Article 2 covers "all behaviour related to price indices within the territory of the PRC, including the collection of price information and the compilation, publication, operation and maintenance, assessment, transfer and termination of price indices". The operating entity is established in China and the collection, compilation and publication take place there. This layer is independent of how many countries the data covers — the data is global, the place of registration is China, and the two are not in conflict. |
| ② Use-based determined by who uses it |
EU Benchmarks Regulation (BMR); amended by Regulation (EU) 2025/914, applicable from 2026-01-01 | Conditionally triggered, not territorial. BMR governs being used within the EU, not where an administrator is registered. It bites only when our assessments are used by EU-supervised entities for financial instruments or contracts, or when the thresholds are met. The amended general threshold is €5bn of EU use; for commodity benchmarks whose input data is gathered by journalistic means it is reduced to €200m — the number a price-reporting business most needs to watch. |
| ③ Voluntary international industry reference |
IOSCO Principles for Oil Price Reporting Agencies (2012) | Adopted by choice; not binding. We adopt: published methodology; priority order for market data (concluded transactions over bids and indications); independent third-party verification; and a formal channel for complaints and challenges. |
| ④ Technical no national character |
ISO 14044 / ISO 14067 | Purely technical basis; applies to the carbon-footprint part only. |
This methodology produces a reference range for end-of-life tyre (ELT) collection prices. The core idea: rather than "calibrating" with a single observed transaction, we use several mutually independent constraints to squeeze the price into a range — and the width of that range is itself our honest expression of present uncertainty.
At the same point in time and in the same market, ELT price differences come mainly from three sources. Any comparison must align them first:
| Variable | Magnitude of difference | Treatment |
|---|---|---|
| Tax and delivery basis | Tax-inclusive delivered vs tax-exclusive ex-works: about 13% | Tiered; only the headline caliber feeds published figures |
| Specification / form | 900–1200 standard grade / large steel-wire tyres / bead wire / rubber block: CNY 100–800 per tonne | Listed separately; never carried across specifications |
| Price direction | EU/US gate fee is a negative price (generator pays); China is a positive price (processor buys) | Opposite directions; never placed in the same price series |
| Anchor | Role | Principle | Inputs |
|---|---|---|---|
| A · Component derivation | Value floor and pricing route | ELT value = sum of realisable value of its deconstructed components, computed along two routes | Rubber powder price (industry association), scrap steel price (MOFCOM-administered index), public industry calibers for pyrolysis oil and rCB |
| B · Downstream affordability | Upper bound of feedstock affordability (range) | Feedstock ceiling = total downstream product revenue − non-feedstock cost, discounted for target margin | Public industry cost structure and public gross-margin calibers |
| C · Transaction calibration | Precision enhancer (optional; not used in this project) | Calibrate theoretical values with own transaction prices to remove model bias | — |
| D · Official trade anchor | Independent external calibration | Customs statistics: import value ÷ net import weight = official unit value, wholly independent of any commercial quote platform | UN Comtrade HS 400400 imports, 2020–2024, 16 reporting countries |
| E · Relative-price structure | Cross-corroboration | Stable relative-price relationships with other commodities that do have official public indices | Scrap steel (MOFCOM-administered index) and other public sources |
Anchor A · Component derivation (two pricing routes)
| Route | Composition | Computed value (CNY/t) |
|---|---|---|
| Material route (rubber powder / reclaimed rubber) | rubber share × rubber powder price + steel share × scrap steel price | 1,577 |
| Energy route (pyrolysis) · lowest tier | valued as crude carbon black | 2,466 |
| Energy route (pyrolysis) · baseline tier | valued as pelletised carbon black | 3,202 |
Conclusion: even at the lowest pyrolysis-carbon-black tier, the energy route's feedstock affordability exceeds the material route's. This explains why rubber-powder and reclaimed-rubber plants are running at low utilisation while their feedstock is bid away by pyrolysis operators — a price-structure problem, not a demand problem.
Anchor B · Downstream affordability ceiling (CNY/t) — there are two independent non-feedstock cost calibers, and the gap between them is informative, so we do not average it away:
| Caliber | Non-feedstock cost | Feedstock ceiling |
|---|---|---|
| Direct costing (energy / labour / maintenance / depreciation / environmental only) | 540 | 2,476 |
| Accounting identity (including target margin allowance) | 1,048 | 2,004 |
Affordability ceilings by downstream carbon black grade: crude carbon black 1,319 · pelletised carbon black 2,004 · high-end tyre grade 3,046 CNY/t.
Anchor D · Official trade anchor (CNY/t) — HS 400400 is a mixed heading and unit values differ enormously between countries, so we cluster by unit value rather than take a global average:
| Cluster | Members | Weighted unit value (CNY/t) | Reading |
|---|---|---|---|
| Energy-oriented | IND / TUR / THA / MYS / CHN | 717 | Import structure dominated by low-value fuel use |
| Material-oriented | DEU / USA / NLD / MEX / POL / BRA | 1,910 | Import structure dominated by material recovery |
Anchor E · Relative-price structure — generates no new price information; its value is mutual corroboration:
| Pair | Ratio | Reading |
|---|---|---|
| ELT collection price / scrap steel (heavy scrap ≥6mm) | 0.909 | Scrap steel is the substitute value of the tyre's steel content; the two move together |
| ELT collection price / pyrolysis oil | 0.458 | Pyrolysis oil is the strongest transmission variable: oil up → pyrolysis plants bid for feedstock → collection price up |
| ELT collection price / rCB pelletised grade | 0.550 | Shows feedstock cost as a share of the rCB selling price; reads downstream affordability directly |
When several ratios deviate simultaneously from their historical ranges, something in the chain is anomalous — investigate before publishing, never publish straight away.
Treat each anchor as one constraint; together they squeeze the price into a range. A single independent external constraint (here, official customs statistics) is enough to expose systematic bias.
| Constraint | Type | Value (CNY/t) |
|---|---|---|
| Material route theoretical value | Floor | 1,577 |
| Anchor D official trade anchor (material-oriented cluster) | External | 1,910 |
| Anchor B downstream ceiling (accounting caliber) | Ceiling | 2,004 |
| Anchor B downstream ceiling (direct costing caliber) | Ceiling | 2,476 |
Failure condition (institutionalised, not a judgement call): if the intersection is empty (floor > ceiling), at least one anchor's assumption is wrong — publication stops immediately pending investigation, and no reason whatever justifies relaxing this.
What anchor D is really for: not to replace the headline figure, but to serve as independent evidence that this output is not a re-publication of someone else's data. The synthesis rules include caliber tiering and specification alignment, so the output never equals any single source's quote — that is a methodological guarantee, not a claim. Were this output scraped from some platform, it could not possibly agree to within 0.8% with an entirely unrelated body of official customs statistics.
This section states the conditions under which our figures are published, the capacity in which we publish them, and the conditions under which publication stops.
Every published figure must be accompanied by all five parts below. If any part is missing, publication is refused — the rule is enforced in the automated publication gate, not left to human judgement:
| Part | Required content |
|---|---|
| ① Compliance statement | Synthesis method; statement that this is not a raw quote; why it equals no single source; independent verification against official statistics; public anchor basis; not trading advice |
| ② Disclaimer | Scope; not advice; no warranty; allocation of responsibility; correction policy; no retrospective revision of historical values |
| ③ Independence statement | List of behavioural undertakings and a statement of their nature (see 2.2) |
| ④ Data quality disclosure | Sample size, coverage, confidence level and known gaps (see 2.3) |
| ⑤ Risk control | Controls across source legality / data quality / reputational / commercial / operational dimensions |
This site is positioned as independent third-party industry data infrastructure. We make the following behavioural undertakings:
We do not broker transactions, do not resell third-party data, and do not commit to customised calibers (until series length and sample coverage thresholds are met).
Series span 2025-12 to 2026-09; the official trade anchor covers 16 reporting countries. Current confidence level: B.
Known gaps (all disclosed, none concealed):
Improvement path: extend to 10+ collection markets, accumulate the monthly series to 24 periods, and expand the official trade anchor's reporting countries and years.
Every record in the database is graded A / B / C by how verifiable its source is, labelled individually and publicly. Grade A requires an official statistical source, standard text, ministry document, listed-company announcement, or checkable first-hand research.
| Tier | Meaning | Feeds published figures |
|---|---|---|
| headline | Current-period primary caliber, calibrated and cross-checked across sources | Yes (this tier only) |
| history_anchor | Historical anchor, used for series and trends | No |
| pending | Awaiting review; caliber not yet aligned | No |
| suspect | In doubt; specification or caliber unconfirmed | No |
Until the series reaches 24 periods and regional coverage reaches 10 markets, this site makes no commercial commitment of any kind: no pricing, no contracts, no customised calibers, no accuracy SLA.
The uniform external description is: "industry reference ranges with a publicly verifiable methodology". We do not use terms such as "authoritative", "official" or "exclusive" — they cannot be verified, and we state only what we can prove.
At the level of a single industrial fact, the description follows the same rule: who vouches for it (the accountable party), which source it comes from (source tier), what confidence grade it carries (A/B/C), and whether it can be traced back (a stable record ID plus as_of). No adjectives — every record is written in this form, and any third party can check it item by item.
Channel and handling mechanism
Scope of acceptance: objection to this document's boundary settings, allocation choices, substitution-rate assumptions, caliber tiering or data sources — or to any published value.
Handling:
Conflicting claims are annotated, not withdrawn. Where a published record and a company's own site or another source make conflicting claims, the issue is not withdrawn and not silently edited: the conflict is annotated in public on the record page — both sides' original wording, plus the verification date — and logged in the corrections archive. Parties that called the record via an API key within the previous 180 days are notified proactively by email (record ID, what changed, confidence change — see /en/keys/), and each entry’s notified-caller count is published in the archive. The original claim stays as recorded; that we once said so is itself a historical fact, and only the annotation is added.
Objections and outcomes are archived together and retained for at least 3 years.
Source: Trustbase Lab https://trustbaselab.com
We meter visits to this site and calls to its data interfaces in order to measure usage, keep the service secure and available, and improve our data and interfaces. Scope:
This section and section 2.3 of our privacy policy share one source; where they differ, this more specific section prevails.