Analysis Of Chemical Fiber Products And Appreciation Of RMB
Because
synthetic hair products
Most of the raw materials come from oil. Therefore, the changes in the international crude oil market will have a direct impact on the chemical fiber market.
Talking about the impact of RMB appreciation on the chemical fiber industry, we should start with the source of the industrial chain.
In the international crude oil market, China's increasing import volume has always been an important factor in international hot money speculation.
The appreciation of the renminbi is nothing less than the depreciation of the US dollar, while crude oil is priced in US dollars.
Therefore,
RMB appreciation
It will have a direct and beneficial impact on international crude oil prices and reduce the cost of China's crude oil imports. The benefits it will bring will be mainly intercepted by monopolistic circulation and production links, as well as the pfer pricing of multinational companies, while the benefits from downstream sectors will be very limited.
First, it is directly related to the chemical fiber enterprises themselves.
Exit;
The two is from the downstream enterprises of textile, textile and clothing exporting enterprises in Europe and the United States. Because these enterprises are frightened by the recent rapid appreciation of RMB, they will only receive small orders or stop completely, making the demand for chemical fiber products down sharply, and the chemical fiber industry will naturally be indirectly affected.
If enterprises use the method of raising prices to shift the pressure of RMB appreciation, they may backfire.
Because the export products of chemical fiber industry are mainly consumer goods and are not monopolized by oil and other industries, the price increase of enterprises is easy to be forced by the buyers. Even if they can raise prices slightly, there are not many foreign customers who can accept the raise price.
In general, the increase of RMB within 2.5%, the impact on the chemical fiber enterprises is not very big, at least in the year will not have too much impact.
It is generally believed that if the appreciation of RMB exceeds 10% in one year, the impact on the chemical fiber industry will be very different.
Although the fluctuation of the RMB exchange rate is not large, the time is short and the frequency is fast.
As for the appreciation rate of the late exchange rate, it is hard to say at present.
This is not yet related to the expansion of the capacity of the chemical fiber industry, the soaring of upstream raw materials (cotton), the factors affecting emission reduction and power rationing, the adjustment of interest rate and reserve ratio on domestic policies, the inflation and natural disasters on the macro level, and the comprehensive factors of protectionism and Geopolitics in foreign trade.
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