On September 15, Beijing time, the spot rate of the offshore RMB to the US dollar fell below the integer mark of "7" in the foreign exchange market. After more than two years, the exchange rate of RMB against US dollar once again stepped into the "7" era.  In fact, the impact of exchange rate has been an old topic, exchange rate depreciation has both advantages and disadvantages. A moderate depreciation will help improve export competitiveness and price advantage and promote the recovery of the real economy, but import costs for importing enterprises will increase. For example, textile and clothing, furniture and building materials products account for a large share of China's export trade, and a moderate depreciation of the yuan may benefit enterprises in these industries. Conversely, industries that need to import raw materials, goods and services from overseas, as well as companies carrying more dollar bonds, could be negatively affected. 

With the beginning of September, the domestic “gold September silver October” situation also began to arrive, all industries have entered to the busy scene. Although the pandemic has caused a prolonged downturn in both domestic and foreign economies for several years, it can still be felt that the economy is gradually recovering on a small scale. Compared with the same period last year, the sharp increase in the cost of raw materials and freight cost has caused a great impact on the foreign trade economy. All walks of life have to adjust their quotation from any time to prevent the more loss. Fortunately, this phenomenon has not continued into this year. On the contrary, the price trend of various raw materials has been stable. For example, steel, copper, aluminum and flat glass prices are down 28 %, 17 %, 23 % and 30 % respectively from last year's peaks. And domestic inland freight and transnational sea freight are stable and even have a downward trend. For the friends who have been purchase plans, now is no doubt a very good time, please contact our sales representatives for details.

July and August is the hottest season in our factory every year, but the hot weather doesn’t stop us from working enthusiastically. In the first half of the year, our output and shipment volume are increasing gradually, and the whole factory is in a good sustainable development. The container we loaded today is for a Jamaican customer's personal villa house decoration. He bought a series of products, including various styles of windows and doors, kitchen cabinets also wardrobes and so on. In the whole sales and shipping service, we try our best to provide customers with comfortable satisfaction and pain-saving service. We hope that customers can be very satisfied after receiving those goods and looking forward to the decoration feedback.

Three years after the epidemic, the long-term high sea freight has been eroding the profits of cross-border sellers. But from the beginning of the second quarter of this year, sea freight apparent downward trend. The price of Matson limited-time express, for example, has fallen to 15 RMB per kg, down from nearly 30 RMB at its peak last year. The west America freight rate drops from around 13,000 dollars before the Spring Festival to 7,000 dollars! Whether it is a big seller or small sellers, can feel the freight price drop brought profit improvement. Judging from the epidemic situation at home and abroad and port operation, sea freight rates may continue to be lowered in the second half of 2022. In addition, the devaluation of RMB has also enhanced the purchasing power of overseas buyers and expanded the scope of trade. Although the global economic situation is not good recently, the decline of shipping prices and the devaluation of RMB provide more trade opportunities for exporters. At the same time, it is necessary to improve its competitive strength and product autonomy, so as to better face the complex trade situation changes.