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USD exchange rate rise effects the paper machine price

Date:2016-07-26 22:17 Author:TDM Source:TDM exporting department Click: Font:BMS

July 18th, 2016, RMB to USD exchange rate falls to 6.7. Following this trend, Chinese paper factories reacts quickly for RMB devaluation.
Anhui Shanying paper announces that all kinds of its paper product price rises by 100rmb per ton.
The net trend is related factories including printing factory and packing factory will also raise their price. They have only two choices: quit the market or raises the price.
The reason of USD exchange rate rise is due to many aspects. International politics change and South China sea situation all makes USD a more safe currency choice. Chinese real estate market is facing a bubble, etc.
Chinese paper making machine and paper importing price will also have a rise when they are related raw material from other countries.

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