Europe And The United States Market "Old Lai" Increased By &Nbsp; Canton Fair Exhibitors Do Not Want To Raise Prices?

Many textile companies said they had to raise quotations.

Foreign demand weakened and exports blocked. Many Shaoxing County exhibitors said that the appreciation of the renminbi would have the greatest impact on them.

This year, the appreciation of the RMB exchange rate has exceeded 5%, and the profit margins of export enterprises have been continuously compressed. Most of the international trade volume of textile enterprises in Shaoxing county is settled in US dollars.

In today's situation, the export of enterprises has to grow. In addition to the increase of raw materials and labor costs, exchange rate has become the biggest "stumbling block".

"From this point of view, the pace of RMB appreciation is likely to accelerate in the future, making it difficult for us to quote to merchants."

Meng manager, a textile dyeing and printing company in Shaoxing, told reporters.

During the interview, many export enterprises in Shaoxing county have sighed for the hardships. Although the price rises look like water to the canal, but after the price increase, the loss and pfer of orders can be caused. Many enterprises are hesitant and hesitant.

During the interview, many textile companies preparing for the Canton fair said that some products would raise quotations to cope with cost pressures from all sides.

Increase of "old Lai" in European and American markets

With the complex and volatile international situation and the increasing exchange rate risk, data from the China Export and Credit Insurance Corp office in Shaoxing show that the number of reported losses in Shaoxing county has increased in the 1~7 months this year, thanks to the sovereign debt crisis. Europe has overtaken the United States as the largest reported area, accounting for nearly 70% of the reported losses, and the textile products reported losses still rank first, accounting for 92.4%; while the buyer's arrears of payments are still the first cause of damage, and the amount of reported losses caused by the buyer's arrears account for 82% of the total amount.

"With the weakening of traditional export markets in Europe and the United States, orders in emerging markets have become a new pillar of foreign trade, but many export enterprises are not familiar with some new buyers, and it is better to conduct corresponding investigations before trading."

Professionals have warned that the payment capacity of some European and American buyers has declined this year due to factors such as the European debt crisis. During the Canton Fair, Shaoxing County export enterprises should pay more attention to credit investigation of foreign buyers or potential buyers, so as to minimize losses.