The Fluctuation Of Exchange Rate Has Great Influence On Shishi Shoes And Clothing Industry.

On September 20th, the US dollar / RMB inquiry system closed at 6.7260 last Friday, and the foreign trade circles of Shishi paid close attention to the 8 consecutive rise in the central parity of RMB against the US dollar, which rose to a total of more than 700 basis points.

The annual export delivery value of the 8 major industries in Shishi is over 100 billion yuan. According to the order of export volume, clothing industry, footwear industry, communication and electronics industry, sporting goods industry, medical and pharmaceutical industry, handicraft industry, textile industry, agricultural and sideline food processing industry and so on are arranged.

Of course, these 8 industries are most affected by the exchange rate, of which clothing and footwear are the most typical.

The total export volume of textile and garment industry above the scale of Shishi is over 5 billion yuan RMB, with an average export volume of about 500 million yuan per month, and international trade is still the main settlement currency of US dollar.

The production period of each export order is about 2 months from that of the freight cycle. That is to say, the final settlement result will be passively reduced in the 2 months after the goods are exported, or the port has not been settled, or the business has received the payment but has not yet reached the time to settle the foreign exchange.

Before September this year, the central parity of RMB against the US dollar remained at 6.8. After entering September, the RMB appreciation rate suddenly accelerated. From 6.8 to 6.7, do not belittle the 0.1 US dollars. With the monthly delivery value of RMB 1 billion yuan per month in Shishi, if we continue to maintain the range of exchange rate changes last week, the export of Shishi export will form a contraction of 1500~2000 million yuan.

Entrepreneurs in Shishi should pay more attention to the international exchange rate environment in addition to doing well in production.

The United States urgently urged the renminbi to appreciate, and the European Union and many countries have maintained the desire to make the renminbi appreciate. The renminbi is in an international pressure of appreciation.

Compared with the previous years, the bargaining power of products made by Shishi has increased a lot. This is due to the result of industrial upgrading, the improvement of product quality, and the gradual shift of export market to medium and high end customers. The price elasticity of the mid-range and above terminal market is large, and the profit is not shrinking.

Shishi export-oriented economy also has no influence on exchange rate, which is the spot market of clothing.

It has been a habit of many years for foreigners to negotiate with the renminbi in the clothing spot market.