Shanghai Securities News (reporter Fan Zimeng) on October 25, the onshore RMB exchange rate against the US dollar opened up 20 points to recover the 6.39 mark. At the same time, the offshore RMB fell nearly 30 points against the US dollar in the short term. As of 9:32, the onshore and offshore RMB were reported at 6.3888 and 6.3842 against the US dollar respectively.
On the same day, the central parity rate of RMB against the US dollar rose 108 basis points to 6.3924 compared with the previous trading day.
Recently, the RMB has appreciated rapidly and maintained its strength. Zhong Zhengsheng, Ping An’s first economic team, believes that looking forward to the future, the short-term US dollar index still has a strong driving force, and the driving force for further appreciation of the RMB exchange rate is weak; In the medium term, the convergence of the economic growth gap between China and the United States in 2022 may cause some depreciation pressure on the RMB exchange rate; But in the long run, China's current account surplus year after year and the international capital flow situation are improving, supporting the long-term center of the RMB exchange rate. In addition, the approximate rate of RMB exchange rate will continue to fluctuate in both directions and increase its elasticity in the future.
Short comments: The most direct impact of RMB appreciation on export-oriented industries is the relative increase in export prices, which means that the price competitiveness of Chinese products abroad has decreased.
Steel Market ForecastJuly 1, 2022Supply side: According to MySteel research, the production of large varieties of steel on Friday was 10.5735 million tons, an increase of 60,000 tons from the previous week.Demand: Apparent consumptio...view
Process Requirements of Heat Transfer Printing TechnologyNovember 10, 2023Heat transfer printing is a special printing process that uses heat transfer ink (i.e., thermal sublimation ink) to print any image on color inkjet paper (or thermal sublimation special inkjet printin...view
The Versatility, Application, And Future Development of Steel DrumsNovember 10, 2023Steel drums, also known as 55-gallon drums, are widely used in various industrial applications due to their durability, versatility, and cost-effectiveness. In this article, we will explore some commo...view
Please Keep These Points in Mind When Handling Dangerous Chemicals!July 1, 2022On June 12, a vehicle leaked while unloading methyl formate from Sanqiang Xingxing Chemical Trading Co., Ltd. in Guiyang, Guizhou province, killing eight people and injuring three others, once again a...view
The PACKCON Shows The New Power Of The Whole PackageJuly 1, 2022In order to make resources more concentrated and gather outstanding enterprises and products in the industry chain, China Packaging and Containers Exhibition 2021 will launch six special exhibition ar...view
A Guide to UN-Rated DrumsAugust 1, 2023UN ratings, established by the United Nations, are an essential system for classifying and identifying the level of safety and suitability of containers used to transport hazardous materials. These ra...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
