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ABS imports may slip on RMB depreciation

Shandong (JLC) September 26, 2022---ABS imports may reduce as RMB depreciated in end-September.

09-27-2022 15:06:00

Hainan Rubber’s Q1-Q3 operating income reads above RMB 9 billion

It was learned that Hainan Rubber achieved operating income of more than 9 billion yuan, a record high, in the first three quarters of this year.

11-25-2019 17:26:30

Guizhou Tyre gets profits of RMB115 million in H1, 2019

Guizhou Tyre July 13 published the first-half result announcement, showing that the first-half profit was expected to be RMB 80-115 million, up 160%-273% year on year from RMB30 million last year.

07-22-2019 16:21:49

Continental invests RMB788 million for expansion

Continental recently invested 114 million dollars (about 788 million yuan) for expanding the capacity of dump truck and port transport tire at Portugal’s Lousado plant.

06-19-2019 08:35:14

RMB devaluation’s influences on plastic industry

The RMB devaluation was a double-edged sword in 2018. It drove up the buying interest in domestic products by raising the cost of imported resources, which weighed on the import market. However, it also boosted the export of plastic products at the same time.

01-28-2019 14:33:43

Importers held cautious attitudes amid RMB exchange rate depreciation

07-23-2018 14:00:40

20# natural rubber to trade at SHFE with RMB

Shandong (JLC), June 20, 2018--The 20# natural rubber, as a specific futures product at SHFE has recently been approved by the China Securities Regulatory Commission. It will be traded with yuan-dominated way to fully attract foreign customers.

06-20-2018 16:54:50

MEG market opportunity against RMB price much lower than USD price

With the above-mentioned factors considered, MEG price is expected to rise during June and July although its current inventory level is still high.

05-24-2018 16:19:30

Noticeable RMB appreciation depressed China urea exports

The change of the exchange rate between currencies always makes great difference to the import and export. The lower exchange rate of USD to RMB benefits the import and depresses the export. As to China urea industry, the export plays an import role.

09-14-2017 14:15:04

RMB appreciation benefits PE import

On September 8th, the People's Bank of China set the central parity rate of USD to RMB at 6.5032. The exchange rate of USD to onshore RMB was 6.4350.

09-14-2017 14:04:00

Influence of RMB devaluation on PE fundamentals

The trend of USDCNY is keeping soaring up. According to the meeting summary on currency issued by FED, the economic is very good, and the anticipation on FED’s raising interest rate in December has reached over 95%.

11-25-2016 18:03:24

RMB devaluation brings great changes to PE market

U.S.D index is strengthening gradually amid the prediction on FED’s raising interest rate in December, and it is in bullish trend because the trade protection policy rallied the American economy since Trump won the election.

11-17-2016 14:19:00

Profit of imported latex shrinks along with RMB devaluation

I Import profit of natural latex In October, the import profit of natural latex shrank obviously, and except for the foreign cargoes price in high level, import profit also increased along with the wide devaluation of RMB. Therefore, traders became more cautious in operation.

11-08-2016 17:41:03

PE market gains double favorable news from RMB depreciation

Combined with the domestic supply and demand, the packaging film stepped into its peak seasons across the country despite the demand for agricultural film turning bleak.

03-30-2016 14:39:29

RMB Cross-Border Interbank Payment System was officially implemented online

On October 8th, 2015, the I-stage China RMB Cross-Border Interbank Payment System (CIPS) was implemented online successfully by PBC,

10-10-2015 11:20:54

Zhou Xiaochuan: RMB-to-USD rate and stock market all get in positions

G20 Finance Ministers and Central Bank Governors convened for the third time under the Turkish Presidency in Ankara on 4-5 September 2015.

09-09-2015 17:12:36

RMB devaluation might largely exceed China prediction

09-09-2015 13:59:38

RMB-to-dollar middle rate cut to 6.3306

On August 12th, 2015, RMB-to-dollar middle rate talked at 6.3306 against 6.1298 on August 11th, 2015, cutting 1.6%, reaching new bottom since October 11th, 2012.

08-13-2015 08:59:17

RMB spot price's 2015 biggest single-day fall dropping to 256 basis

By quotation closed, RMB/USD spot price weighed at 6.2206, decreased 256 basis. It has been the biggest single-day fall since March, 2014

04-29-2015 10:35:17

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