The hottest new topic for enterprises to avoid exc

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New topic of shaping Enterprises: avoiding exchange rate risk

from July 21, the RMB exchange rate is no longer only pegged to the US dollar. Judging from the reform of the RMB exchange rate mechanism, it should be said that it has little impact on the current price trend of plastic raw materials in the domestic market. However, the reform of RMB exchange rate policy puts a new topic in front of domestic plastic raw material enterprises, which creatively solves the major difficulties of coating with rust and the long-life weatherability of marine coupling environment. The core problem is that plastic raw material enterprises, especially international trade leading enterprises, should strengthen the awareness of exchange rate risk prevention and try to avoid possible losses caused by exchange rate changes

at present, in the domestic plastic raw material market, the most fierce competition between imported materials and domestic materials is general plastic raw materials. After the RMB exchange rate adjustment reaches the purpose of fresh-keeping, it provides foreign manufacturers with greater competition space. At the same time, the upstream raw materials ethylene and propylene monomer 7. Drop weight height: 1000mm, the import cost is reduced, and the production cost of domestic plastic raw material manufacturers is expected to be reduced. However, for high-end resin brands with tight supply and good demand in the domestic market, the decline in import costs caused by the adjustment of the RMB exchange rate will be filled by foreign investors through the increase of quotation, that is, as long as the demand is stable, the price will not fall significantly, and the benefits of end users will be very limited. Therefore, the final decision of the market is still the relationship between supply and demand, rather than a single exchange rate issue can affect

it can be seen that in this case, domestic plastic raw material enterprises need to pay more attention to how to avoid exchange rate risk. Exchange rate risk refers to the possibility of an enterprise's cost increase and income decrease due to the change of exchange rates between various currencies in foreign trade. At present, the exchange rate risks faced by domestic enterprises mainly include: first, the risks caused by the change of settlement currency exchange rate in import and export trade; Second, in international financing, the risks caused by exchange rate changes during the borrowing period. It is precisely based on this that every time the exchange rate fluctuates, there will be several happy and several sad situations. Some enterprises will make a lot of profits, but also many enterprises will suffer heavy losses. Recently, the price competition of the US dollar at the exchange rate of the international market has fallen sharply. If plastic processing and export enterprises settled in US dollars use forward foreign exchange settlement and sales, they can set the exchange rate with the bank for a long trading period, and then both sides will settle at the agreed exchange rate, so that enterprises can reduce losses caused by the decline of the US dollar exchange rate

The marketization of currency exchange rate is the only way for the development of market economy. Under the floating exchange rate system, enterprises have to face exchange rate risks when carrying out import and export trade or loans. Under the floating exchange rate system, how to organize the operation, control the exchange rate risk with foreign exchange risk aversion tools, lock in the enterprise profits, and prevent the enterprise profits from being "nibbled" by the exchange rate fluctuations is a new lesson that domestic plastic enterprises urgently need to complete

source: China Chemical Industry News

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