Since 2005 it has continued slow appreciation of RMB, although the general form, but in the middle of July 2008, the RMB exchange rate for the dollar price to $6.8 after this level, began to maintain the smooth movements. Pick two But this year to begin from a renminbi revaluation, again see a, especially since September 9th, since September 9th, the RMB exchange rate against the dollar since the price has nine consecutive days, rising up 910 basis. And from September 10, continuous 8 days since the change of foreign highs. On September 21 RMB exchange rate for the dollar price calculation, the central bank to reiterate three months, the RMB appreciation against the dollar has almost 2% of small foreign trade enterprise, unprepared.
Exchange loss nearly 30 percent of hebei apparel trade business "death"
"For us the pure do not trade, two factors are controlled, raw materials, one is the exchange rate. Talk about a recent period of market in shijiazhuang, 4 years many foreign trade clothing business li told reporters on helplessly.
The small business on li's clothing, foreign trade companies, mainly for American and European clients, almost all use us dollars. Recently, two months, because the renminbi revaluation speed up, let her some suddenly caught flat-footed.
Li told reporters on, under normal circumstances, to quote from customer enquiry, deposit in place to documents, clothing factory orders needs at least two months of the cycle, if the exchange rate, foreign companies will change too large exchange rate risk.
With a 100 million dollars in order, for example, if the order in early June, at $1 yuan on the left is, on September 21, the dollar has reached around 69. 1. "Don't look down upon this 0.1 yuan and 100 million us dollars, we exchange list at $10 million lost." Li told reporters on common years, foreign trade clothing margins around 5% ~ 10%, this means that, even in exchange for the level, the order of 100 million dollars in only 35 million yuan profits. "This is only an exchange rate, we lost profits will have nearly 30 percent." Li told reporters on the last half a month, there's hand, basically have advance orders, and determine the loss of the foreign trade order without front will not dare to meet new single. "If the renminbi appreciation, maybe a sustained against their will list, as temporary not do."
3 months to RMB appreciation super 1.8%
On September 27, the price of RMB $6.7098 report, one day before the bank, but slightly rebounded in foreign exchange rate is $6.69 wandering around.
According to the people's bank of China to the dollar price history data, the reporter counted from June 21 to September 21 RMB appreciation against the dollar for the 1.87%. From September 8, 1. The 7907 to 21 for 6997. Only nine days, fast rare.
Li told reporters on and to cope with the rapid appreciation, foreign trade enterprises generally has two kinds of methods, one is to improve the quotation, 2 it is delayed delivery.
But the offer it unwise. From hebei commerce trade figures in hebei province, at present, foreign trade enterprises 14691 amounted to record.
A textile clothing insider tells a reporter, the foreign trade enterprise in hebei province, the textile and apparel industry of steel and head. According to his understanding, only baoding and shijiazhuang, there is nearly 1000 professional engaged in foreign trade of textiles and clothing enterprise. "So fierce competition environment, your quotation slightly taller, the buyer will run." Li told reporters on.
While trying to delay delivery is not in the long run. Li told reporters on, if is old customers and trading, foreign trade short delay time can, but most orders as delivery may have default risk. And, in the context of the continued appreciation, delay in delivery is not insurance, "perhaps to a RMB appreciation again, some losses are more big."
Foreign trade was double extrusion living space
"To be honest, we have no attention recently, because of the RMB appreciation of upstream cost us mark-up than renminbi appreciation." Located in shijiazhuang northern suburb of a large textile Co., LTD. White tells a reporter, marketing, this week recently used in production of raw cotton fabrics prices by 15% to 20%, for a set of production and trade in textile enterprises, it means originally meagre profit from downstream ends are eating.
But only a miniature of the textile and apparel industry. Langfang, a steel trade enterprise controller manager wang told reporters, defeating the renminbi revaluation has many small and medium-sized steel trade business.
The king said, manager of the hebei steel exports mainly concentrated in the plank would lower margins, therefore the varieties of exchange rate fluctuations in tiny for traders to bring enormous influence. In recent months, the domestic price of steel and volatile RMB exchange rate changes greatly small amount of money, the strength of steel foreign trade order has stopped.
But the figures from the customs, proves enterprise by steel exports dropped in August, import and export business, exports fell only annulus annulus 18.1 billion us dollars, up by 16.5%. The trend is RMB appreciation to September, hebei export situation is still not optimism.

"Chinese textile net source."

Editor: lara