The appreciation of RMB is not conducive to the export of my country's pump and valve enterprises
2019.04.23
On December 26, the central parity rate of the RMB against the US dollar was reported at 6.3167 yuan, an increase of 0.07% from the previous trading day. The strengthening of the central parity led to a strong rebound in the exchange rate during the session. The spot market closed at 6.3198 yuan against the US dollar, hitting a new high for the second consecutive trading day since the exchange rate reform in 2005. And the intraday high touched 6.3160, the highest level since the unification of the official and market exchange rates in 1993. However, this price was 0.1‰ higher than the middle price, while the lowest intraday price was 6.3331, which was 2.3‰ lower than the middle price, indicating that the game between market and policy pricing was still going on.
When the RMB appreciates the export of pump and valve products, foreigners have to pay more US dollars, pounds, rubles, yen, Australian dollars, and euros to buy our pump and valve products, which means that the price of our pump and valve products has risen in disguise.
The appreciation of RMB will not only face greater market pressure on my country's foreign trade enterprises, but also face greater market pressure on export-oriented pump and valve enterprises, especially making it more difficult for small and medium-sized processing enterprises to survive, especially for small and medium-sized processing enterprises. In particular, it will be more difficult for small and medium-sized processing enterprises to survive, especially for small and medium-sized processing enterprises.
Engaged in the production of ductile cast iron and gray cast iron
cellphone number：86-18015238528
Add：Shigang Town Industrial Zone, Tongzhou, Nantong City
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