*** Unusual "seven stop limit" impact on the hardware market analysis

In recent days, the *** continued to fall. As the European debt crisis could not be resolved in the short term, investors’ demand for hedging was strong. Some funds flowed from emerging economies to mature markets, and the willingness to purchase US dollars increased. . Under the background of the global economic recession and the continued slowdown of domestic economic growth, such as the devaluation of ***, it will help stabilize export-oriented enterprises such as textile and clothing, electronic appliances, toys, shoes and hats, furniture, building materials and construction machinery. Small and medium-sized home appliance enterprises in the major markets, hardware and machinery industries with poor bargaining power and low profits are currently in a difficult position. If the appreciation of *** appreciation is reversed, the situation of these industries will be improved. However, in general, the main factor in curbing exports is the global economic recession and weak external demand, not the exchange rate issue. Therefore, the devaluation of *** cannot effectively solve the export issue, and it is difficult to fundamentally reverse the decline in exports.

Under the background of the depreciation expectation of ***, the impact of listed companies in each sector varies from industry to company. For enterprises that mainly export products and purchase raw materials within the territory, especially for industries with high levels of dependence on exports, the depreciation of *** will help stabilize them. Including textile and clothing, electronic appliances, toys, shoes and hats, furniture, building materials and construction machinery, etc., are all beneficial industries.

***Changes in exchange rates are related to the rise and fall of the real economy. For several consecutive days, the depreciation of *** is a happy or a worry for Chinese foreign trade companies. *** How will the two-way fluctuations strengthen and how will the future affect the Chinese economy? In China's shipping center Shanghai, many international shipping companies are using the US dollar as the company's settlement currency. The reporter also visited them.

Guo Qijun, general manager of Xinbang Shihai Shipping Co., told reporters: Now that the US dollar appreciates in the short-term, and *** is a devaluation, it is a temporary benefit for our shipping companies. We mainly look at the impact of exchange rates on income. For example, if we say that our ocean freight income is 100,000 US dollars, but now the exchange rate has fallen by 0.02, that is equivalent to an increase of 2,000 yuan in our *** income.

In addition, delays in the appreciation of the *** have also sighed relief for the export industry. According to reports, many apparel companies currently offer advantages to the US and EU merchants. The good news is also reflected in the shipping companies. The current freight orders received by the companies are showing signs of growth.

Guo Qijun, general manager of Xinbang Shihai Shipping Co., told reporters: Some customers like their shipping companies include exporters of steel traders, clothing, hardware accessories, etc. Now that the short-term devaluation will obviously promote their exports, after all, international trade Settling in U.S. dollars, the depreciation of *** is equivalent to our products have a more favorable price, so the export volume will increase.

In the long run, the continuous fall in the price of *** means that the risk of two-way fluctuations in the market is increasing. However, for import and export companies, it undoubtedly increases the exchange rate risk. Therefore, the future foreign trade industry must participate more in the hedging and other transactions in financial products and deepen the transaction depth.