Quote fair highlights the pressure of rmb appreciation carefully - China LED Track Light Fixtures

Power down, some prices are more sensitive to the loss of foreign

) Is our country

Reform after the first Canton Fair, Canton Fair, on the current RMB exchange rate adjustments on the impact of China's export performance has been very clear. The "affordable" as the characteristics of the competitiveness of Chinese exports has dropped, because of cost and price increases, some price-sensitive customers are being lost overseas.

Company is trying to price increases in general practice

In this year's trade deal with

, A common practice in business is trying to price increases, but the level of competition and the industry cost structure is different from the situation the game is also different.

Art Toys Co., Ltd. Deputy General Manager Kay Liaowen Juan said, companies will certainly not do business losses, but the one hand, rising costs, the other is accompanied by intense competition, the balance between the two companies can only find a way out. This represents the company's common

Negotiations are taking into consideration the cost of their own

And pay attention to neighbors

Co., Ltd. Deputy General Manager Chang Chi said those countries in July this year, the RMB exchange rate adjustments, some have been implemented but have not received payment of

Overnight order company lost several million dollars. Orders at the fair we should give special consideration to the yuan appreciation, but the price increase is very difficult. As the tea industry, the threshold is not high, chaotic management, small businesses can sell, as long as doing so when we talk about price increases to the customer very difficult, at this year's trade, we have the EU, Africa and Japan markets raise the price, an increase of 2%? 2.5%. If the yuan continues to appreciate, tea industry, some small manufacturers may have to close down.

In this year's trade for the expected appreciation of the yuan will continue to make very careful in bidding.

Director Song Jie said, we do not offer, reportedly also reported to be high. For

Products, before the pressure of RMB appreciation, the EU WEEE and ROHS after the instruction to raise entry barriers, coupled with raw material prices, rising business costs a lot of pressure. Of course, these costs are not directly passed on buyers, but require the enterprises through technological innovation, promote new products, price increases, but also by strengthening the management company to

Part. Average profit margin in the industry, only 2% to 5% of cases, the impact of RMB appreciation on the company can be imagined.

During the fair the transaction indications, RMB appreciation to those who rely mainly on price competition in the corporate strategy is greatly influenced by, and for electronic, mechanical,

Threshold higher, significant economies of scale than smaller companies affected. Fair trade group's statistics, Zhejiang, electrical, mechanical and chemical products and general price increases, margin up 3% to 12%, while some traditional products as style, peer competition and technological content and other factors, the price or flat or down, down range of 1% to 6%. From the China Minmetals Import and Export

Was informed that a number of commodity prices, but transaction volume has dropped drastically reduced turnover was mainly due to higher prices caused by the weakening of international competitiveness. Such as minerals and metallurgical

Turnover 125 million U.S. dollars, down 30.81 percent from a year earlier, paraffin wax, sodium tripolyphosphate, yellow phosphorus, phosphoric acid,

Intermediates and other key commodities are in double-digit decline.

Forced to change foreign trade enterprises

Exchange rate reform, foreign trade enterprises are forced to change the mode of operation. Guangzhou Light Industry Import and Export Company, said deputy general manager of Ning Lili, China has implemented a new exchange rate system, the yuan will no longer pegged to the dollar, but the reference to a basket of currencies with flexible floating exchange rate can go up to the devaluation of the uncertainty factor. In external

, If the company ignores the exchange rate factor, it may suffer losses due to exchange rate fluctuations. So the key is to change attitudes and thinking and thinking under the traditional system to calculate the cost of the product, when used various means to lock in signing the exchange rate, exchange rate changes to prevent the loss

Fair reporter learned that a number of large enterprises has been actively taking measures against exchange rate fluctuations. Zhi Song Jie that high air-conditioning, responses to the main business is: by improving

Cost; increase the international purchasing efforts, to some extent, offset the risk of RMB appreciation; add more settlement currencies, the euro, Australian dollar and other hard currency to settle; through Hong Kong, Singapore, affiliated companies, buy them and regions

Futures, hedging. Import and Export Co., Ltd., Jiangsu Chunlan Feng Bin, General Manager, said the yuan revaluation and more companies choose the recent signing of payment in case of orders received on long-term financial instruments to advance with some cash.



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