METHODOLOGY · OPEN SPECIFICATION

Methodology 可复核的计算规范 · 中文版见 /methodology

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.

中文版 / Chinese version →

Basis of preparation and scope

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.

Referenced instruments and how each one applies

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.

LayerInstrumentHow 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 (Trial) (in force 2021-08-01) Applies. Article 2 covers "all behaviour related to price indices within the territory of the PRC", including compilation, publication and maintenance. The operating entity is established in China and the 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.
Why not omit the Chinese instrument and list only international references? Because the geographic coverage of the data and the binding force of a regulation are two independent things. Our price anchors use UN Comtrade customs statistics (16 reporting countries) — the assessment viewpoint is global. But the operating entity is registered in China, so Chinese regulation applies territorially. Omitting it would not change its applicability; it would only leave the reader unable to tell which layer actually binds. Conversely, listing it alongside international guidance without distinction would also mislead. Hence each layer's character is stated explicitly.
On any layer, this page does not claim conformity with any standard or regulatory qualification, and does not claim to have passed any third-party audit.
Boundaries of this document
Methodology documents
1
End-of-life Tyre Price Assessment Methodology — Four-Anchoractive
Four-anchor cross-verification: component derivation / downstream affordability / official trade anchor / relative-price structure, with caliber tiering rules and multi-anchor range consistency testing.
Version v4 · updated 2026-09-19 · see section 1
2
Compliance & Independence Frameworkactive
Five-part publication requirement, independence undertakings, data-quality disclosure and risk-control matrix.
Version v1 · updated 2026-09-19 · see section 2
3
Recycled Materials Carbon Footprint Accounting Methodologyin preparation
China implementation guide and parameter library for ASTM D8654-26. Implemented clause by clause against ASTM D8654-26 (published 2026-03-01; interim product category rules): declaration unit 1 t rCB at factory gate; cradle-to-gate boundary; mass allocation for co-products (system expansion only for exported energy); biogenic carbon measured per ASTM D6866 and reported separately; GWP100; primary data as annual plant averages; secondary data no older than 10 years. China parameter library v0.1 established (electricity carbon footprint factors and regional grid baseline factors, sourced from MEE). Still a framework draft: collection-chain and pyrolysis energy parameters are not yet populated, and it is not published.
Version v0.3 draft · status: in preparation, unpublished · aligned to ASTM D8654-26
1. End-of-life tyre price assessment methodology

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.

1.1 Caliber definition (align before citing anything)

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:

VariableMagnitude of differenceTreatment
Tax and delivery basisTax-inclusive delivered vs tax-exclusive ex-works: about 13%Tiered; only the headline caliber feeds published figures
Specification / form900–1200 standard grade / large steel-wire tyres / bead wire / rubber block: CNY 100–800 per tonneListed separately; never carried across specifications
Price directionEU/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
Headline caliber: 900–1200 end-of-life steel-wire tyres, tax-inclusive delivered, CNY per tonne. This is the standard traded specification in the collection market — the clearest caliber and the most comparable across regions. Other specifications and forms are listed separately and do not enter headline synthesis.
1.2 The four-anchor system
AnchorRolePrincipleInputs
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
1.3 Computed results per anchor

Anchor A · Component derivation (two pricing routes)

RouteCompositionComputed value (CNY/t)
Material route (rubber powder / reclaimed rubber)rubber share × rubber powder price + steel share × scrap steel price1,577
Energy route (pyrolysis) · lowest tiervalued as crude carbon black2,466
Energy route (pyrolysis) · baseline tiervalued as pelletised carbon black3,202

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:

CaliberNon-feedstock costFeedstock ceiling
Direct costing (energy / labour / maintenance / depreciation / environmental only)5402,476
Accounting identity (including target margin allowance)1,0482,004
The two calibers differ by CNY 508/t and remain unconverged. We neither average nor pick one; they are given as the two ends of the range (CNY 2,004 – 2,476). An unconverged caliber is itself an informative signal of bias — suppressing it would destroy information.

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:

ClusterMembersWeighted unit value (CNY/t)Reading
Energy-orientedIND / TUR / THA / MYS / CHN717Import structure dominated by low-value fuel use
Material-orientedDEU / USA / NLD / MEX / POL / BRA1,910Import structure dominated by material recovery
Never compare the global weighted average directly against a Chinese domestic price. The global weighted average is about USD 132/t, dragged down heavily by low-value fuel use in India, Turkey and Thailand. After clustering, the Chinese domestic collection price (CNY 1,925/t, equal to USD 268.11/t) falls inside the "material-oriented market" cluster (cluster mean USD 266.08/t) — a 0.8% deviation.

Anchor E · Relative-price structure — generates no new price information; its value is mutual corroboration:

PairRatioReading
ELT collection price / scrap steel (heavy scrap ≥6mm)0.909Scrap steel is the substitute value of the tyre's steel content; the two move together
ELT collection price / pyrolysis oil0.458Pyrolysis oil is the strongest transmission variable: oil up → pyrolysis plants bid for feedstock → collection price up
ELT collection price / rCB pelletised grade0.550Shows 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.

1.4 Multi-anchor range consistency test (the core of this methodology)

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.

ConstraintTypeValue (CNY/t)
Material route theoretical valueFloor1,577
Anchor D official trade anchor (material-oriented cluster)External1,910
Anchor B downstream ceiling (accounting caliber)Ceiling2,004
Anchor B downstream ceiling (direct costing caliber)Ceiling2,476
Intersection range
1,577 – 2,004
Range width
426
Observed value inside intersection
Yes
Deviation vs official statistics
0.79%

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.

Why anchor C (own transaction prices) is not essential: the only systematic difference own transaction prices can remove is the trading margin between what a collector receives and what a plant actually pays (typically 3–8%). That is already handled explicitly by the tax-inclusive-delivered / tax-exclusive-ex-works caliber tiering, so its absence does not affect the usability of the conclusion — only the last few percentage points of precision. In its place we introduce the official trade anchor (anchor D), which is fully public and reproducible by any third party, to carry the independent-calibration role.

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.

2. Compliance and independence framework

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.

2.1 Five-part publication requirement

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:

PartRequired content
① Compliance statementSynthesis 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 DisclaimerScope; not advice; no warranty; allocation of responsibility; correction policy; no retrospective revision of historical values
③ Independence statementList of behavioural undertakings and a statement of their nature (see 2.2)
④ Data quality disclosureSample size, coverage, confidence level and known gaps (see 2.3)
⑤ Risk controlControls across source legality / data quality / reputational / commercial / operational dimensions
2.2 Independence statement (behavioural undertakings)

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).

The nature of this statement must be stated plainly: the above are behavioural undertakings that constrain our own conduct; they do not constitute any disclosure or denial regarding the operating entity. The form is chosen because "has no affiliation with any party" would be a statement of fact — false the moment it is untrue, and carrying far greater risk than saying nothing; whereas a behavioural undertaking can be publicly tested at any time.
2.3 Data quality and known gaps
Markets covered, current period
3
Data points, current period
20
Monthly series
10 periods
Official trade records
1,539

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.

3. Data grading and publication gate
3.1 Confidence grading

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.

3.2 Four-tier caliber layering
TierMeaningFeeds published figures
headlineCurrent-period primary caliber, calibrated and cross-checked across sourcesYes (this tier only)
history_anchorHistorical anchor, used for series and trendsNo
pendingAwaiting review; caliber not yet alignedNo
suspectIn doubt; specification or caliber unconfirmedNo
3.3 Automated publication gate
3.4 Commercialisation thresholds

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.

Change log
2026-09-20Carbon footprint accounting v0.2 → v0.3 (framework draft, unpublished): verification confirmed ASTM D8654 was published on 2026-03-01 (designated D8654-26; interim product category rules; five-year validity), so the methodology moves from "awaiting the standard" to "implementing a published standard clause by clause". Two substantive corrections per D8654-26: ① allocation changed to mass allocation (co-products allocated by mass share; system expansion only for exported energy; the standard explicitly excludes economic and energy allocation); ② the conclusion that rCB carbon is fossil-sourced is withdrawn, replaced by measurement of the biogenic fraction per ASTM D6866 with fossil and biogenic GHG reported separately (tyres contain natural rubber, so biogenic carbon cannot be ignored). The declaration unit (1 t rCB at factory gate), both ends of the system boundary, the GWP100 dual reporting requirement and data recency requirements are now stated explicitly. China emission factor library v0.1 established in parallel (source: Ministry of Ecology and Environment).
2026-09-19Regulatory applicability revision: the previous table listed the Chinese instrument, IOSCO principles and ISO standards flat side by side without marking how each applies, leaving readers unable to tell which layer binds — and easily misread as "the compliance basis of this page is Chinese regulation". Now set out in four layers by binding force: ① territorial (place of registration; applies) ② use-based (EU BMR; triggered by EU use, not territorial) ③ voluntary (IOSCO principles; adopted by choice) ④ technical (ISO standards). Added an explanation of why the territorial layer cannot be omitted, and why it cannot be listed indistinguishably alongside international guidance.
2026-09-19Genre revision (internal, before first publication): the former "Position" section was argumentative (asserting the legitimacy of publishing method, and drawing analogies with established benchmarks) — inconsistent with the genre of a specification document, and it raised a question no reader had asked. Replaced with "Basis of preparation and scope": referenced public instruments and the part adopted from each, explicit boundaries, and an express statement that no qualification of conformity is claimed. The challenge channel was also expanded from "write to us" into a full handling mechanism (scope of acceptance / process / retention period). Argumentative content does not belong in this document; it sits in the public record of methods and judgements.
2026-09-19Price assessment methodology v4: introduced the official trade anchor (HS 400400 imports, 16 reporting countries), replacing the earlier "own-transaction-price calibration" approach; fixed the four-tier caliber layering rules; institutionalised the consistency test as a publication gate. Compliance and independence framework v1 published at the same time.
2026-09-19Caliber correction: previously published ranges used a tax-exclusive caliber, understating by about 13%; all values moved to the tax-inclusive delivered headline caliber with a retained correction record (historical published values are not revised retrospectively; a separate revision record is kept).
2026-09-19Carbon footprint accounting v0.1 → v0.2 (framework draft, unpublished): corrected the allocation method, added the standards-system relationship, substitution-ratio justification requirements, the dual-caliber avoided-emissions rule, carbon-source determination, plausibility bands, and the reproducibility disclosure checklist.
Corrections and challenges

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:

Objections and outcomes are archived together and retained for at least 3 years.

business@trustbaselab.com

The methodology described here constitutes publicly verifiable industry reference ranges. It does not constitute trading advice, does not constitute a quotation, and does not represent any party's commitment to transact. When citing this method or its results, please attribute: Source: Trustbase Lab https://trustbaselab.com