On December 9th, the offshore RMB exchange rate rose 6.50 against the dollar, a new high since June 2018, the day rose more than 200 points. Affected by this, RMB touched 6.5326 against the dollar, set a year high of 6.5204. Since early June, The RMB exchange rate continues to strengthen. The offshore RMB has gradually appreciated to 6.4927 against the dollar since 7.1964, The rebound was nearly 7000 points. Pcb Terminal Blocks factories and wago connectors factories face big challenge
The continued rapid rise of the RMB has posed a great challenge to the foreign exchange settlement operation of export enterprises. Foreign buyers are now required to pay either the RMB directly or the corresponding dollar at the agreed exchange rate to avoid further losses in the settlement of foreign exchange as they negotiate export orders next year, according to several domestic bank financial markets sources.
China's foreign exchange reserves have resumed growth, the highest since August 2016, according to data released by the State Administration of Foreign Exchange on December 7.
On Dec.10, the RMB cut its median price to the dollar by 165 basis points to 6.5476.
On Dec.2, Maersk's oversized container ship lost about 200 containers in 90 nautical miles north of BeihaiIsland. The containers which fall in the ocean first discovered by Dutch fishermen were later confirmed by Dutch officials.
The main ports of destination are Rotterdam, Bremen, Gothenburg, Sweden, Baltic region, Aarhus, Denmark
A large container ship, on November 30, encountered severe weather near the North Pacific Ocean in western Hawaii, causing serious bumps and damage or loss of about 1816 containers. The ship, which left yantian in shenzhen on november 19th, was linked to Singapore, Thailand's Lynchaban, Vietnam's Gaime and Hong Kong, China, and loaded with goods from china and southeast Asia to long beach in the united states. This voyage is likely to be full of Chinese Christmas cargo to Long BeachPort. According to the current sailing plan, the ship will not reach the United States before the year.
Recently frequent marine accidents, especially remind foreign trade, when shipping must buy marine insurance
Post time: Dec-14-2020