Recently, the Ministry of Commerce held a regular press conference. Gao Feng, spokesman of the Ministry of Commerce, said that since the beginning of this year, the RMB exchange rate has fluctuated in both directions due to multiple factors. Exchange rate fluctuations, rising raw materials, logistics and other problems are compounded, the production and operation of some foreign trade enterprises are affected.

In accordance with the deployment of the CPC Central Committee and the State Council, the Ministry of Commerce, together with the People's Bank of China and the State Administration of Foreign Exchange, urged financial institutions to continuously optimize their products and services for hedging exchange rates, actively promoted the Manual of Foreign Economic and Trade Enterprises for hedging exchange rates, and provided targeted guidance to enterprises for hedging. Recently, the three departments jointly organized a nationwide online training on exchange rate hedging, and the relevant courses have been published on the website of the Ministry of Commerce.

According to the action plan, chongqing foreign exchange management department and relevant government departments, Banks, by making the bank exchange rate risk aversion characteristic product manuals, exchange rate risk aversion lecturer team, organization, the foreign exchange rate risk aversion special training, the development enterprise "one to one" support, innovation of silver currency hedge government, and other forms of cooperation, We will deepen the promotion, publicity and innovation of exchange rate hedging derivative business, promote the effective docking of financial services for exchange rate hedging with market demand, and provide market participants with more diversified, more efficient and lower cost hedging services.

Textile foreign trade orders rising competitiveness

For textile traders, the devaluation of the RMB is really a great relief, especially in the recent recovery of foreign trade, orders began to increase, causing a lot of impact on foreign trade enterprises.

After the devaluation of the RMB, the order that has been negotiated in the early stage, the profit will be more when the exchange is settled. Especially for the early missed the best period of textile foreign trade boss, simply like a "lifesaving straw" in general, finally can be appropriate settlement of a part of the amount of capital flow to be solved. This largely gave the boss a "shot in the arm", also more motivation to take orders.

On the other hand, when the yuan appreciates sharply, many overseas buyers cannot bear the higher price caused by the exchange rate fluctuations, so they shift part of their orders to other countries. Now after the devaluation of the RMB, the advantage of China's textile export has come back, especially in the second half of the year, the market is starting, laying a better foundation for receiving orders.

"Business units are very happy at the moment because the fall in the renminbi allows them to offer more competitive export prices, attracts overseas buyers to bring more orders home and is more confident about the market in the second half of the year." A textile foreign trade company manager said.

According to a person in charge of the dye factory, they are relatively stable overall warehouse volume this year, only at the beginning of the year had a warehouse volume of millions of meters per day, the peak season in March and April are generally around 700-800000 meters, and the daily digestion of grey cloth in the factory is more than 700000 meters. The orders in the peak season can basically guarantee the daily operation of the factory at full capacity, but it is not up to the congestion of more than a week of clamping in previous years. And the recent weather gradually hot, the market should have been more and more light, but into the warehouse volume has given a surprise. Off-season every day may enter the warehouse 500 thousand meters, peak season can also reach 800 thousand meters. In the low season of previous years, less time every day can only enter the warehouse 20-30 million meters.

Now most of the factory with some autumn and winter fabrics, to some extent, is for the second half of the autumn and winter orders reserve. There are still four or five months of fabric orders before the clothing comes into the market, and they are mainly foreign trade orders. Before there are many textile enterprises are optimistic about the market in the second half of the year, as early as May began to hoard fabrics. But this part of the orders are now in the middleman link, it is difficult to flow to the downstream in the short term. Now the epidemic in many overseas countries is rising again, which is bound to affect the delivery speed of this part of the order, and the financial pressure of the textile enterprises may increase in the later stage.

At the same time, now the hand received orders of textile enterprises are also more worried. According to a foreign trade enterprise, they have no orders in May, has been making samples. Recently, a large order has finally come, nearly one million meters of four bullets. But the fabric is destined for India, and eventually the clothing is destined for Europe. In addition, the exchange rate is good recently. They were quite confident at first, but the outbreak in Europe suddenly worsened, and they began to worry about the order. After all, if the customer's order cannot be delivered smoothly, it will be difficult for them to receive the payment in time.