Shishi Clothing Spot Market &Nbsp; Not Affected By Exchange Rate Fluctuations

On September 20th, the US dollar / Renminbi inquiry system closed at 6.7260 last Friday.

Shishi is a highly dependent foreign economic region. In the first half of this year alone, the total export volume of the whole city reached 868 million US dollars, even if it was simply multiplied by 2, the total export volume of the whole year could reach US $1 billion 736 million. According to the mid weekend price of 6.7260, the total export volume of the whole year was RMB 11 billion 600 million yuan.

The huge fluctuation of each exchange rate will make Shishi export-oriented enterprises tighten their nerves.

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, sports goods industry, medical and pharmaceutical industry, handicraft industry, etc.

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.

In the export-oriented economy of Shishi, there is also a single plate which is not affected by exchange rate fluctuations.