RMB exchange rate fluctuations have limited impact on the domestic polypropylene market

Affected by international factors and many other factors recently, the RMB has depreciated significantly against the US dollar, and the onshore and offshore RMB exchange rates have fallen below the "7" ma.

Supply and demand determine the price, and the import dependence of polypropylene is low

The decisive factor that determines the price of polypropylene in China is the basic supply and demand of polypropylene in Chi.

The central bank is cautious about not moving the RMB exchange rate expectations

The Fed's first interest rate cut in ten years has finally come to fruition, and most of the world's major central banks have followed su.

Although some foreign trade enterprises still need to avoid exchange rate fluctuation risks by purchasing foreign exchange, e.

The price of imported goods is under pressure, and the domestic production capacity should be compensated accordingly

The strong US dollar will indeed lead to a significant increase in the procurement cost of domestic importe.

To sum up, the recent fluctuations in the RMB exchange rate will put some pressure on the price of imports in the future, but this part of the pressure is difficult to transmit to the domestic market pri.