The depreciation of RMB has become a hot topic recently. On November 11, the central parity rate of the RMB dropped 2%; On December 12, the central parity rate of the RMB fell by 1.6%; On Wednesday, the yuan fell another 700 points to 6.4010, down 4.6%. Last week, three days of aggressive devaluation caused quite a stir before the renminbi gradually stabilised.
So, what will be the impact of the devaluation of the RMB on the stone industry, which relies on imports and exports abroad? What is the impact on the domestic stone sales market? Which way should Nan 'an stone enterprises go?
"Ordering 4,000 tons of waste materials equals a loss of 500,000 yuan."
"At the beginning of this month, our buyers went to Turkey and ordered nearly 4,000 tons of goods. The price has been agreed, which is about the same as expected. But just before the payment was due, the dollar rose." A general manager of the stone industry told the editor that the devaluation of the renminbi, let them a little caught off guard.
"If you order 4,000 tons of marble waste and you lose a top-equipped Audi Q5, it's like losing 500,000 RMB. It really hurts!" The responsible person sighed and analyzed the trauma brought to the import stone enterprises by the appreciation of the US dollar to the editor. "The whole process from Turkey to China can be said to be linked with US dollars. The point of goods, freight, tariff and foreign consumption are all settled in US dollars."
The person in charge said frankly: the devaluation of the RMB, means that the import of stone costs increase, to the stone industry caused no small pressure, especially for those who continue to develop downward enterprises, but also accelerated the process of their recession.
"Our stone industry is mainly imported marble, the appreciation of the dollar, the impact is not small, but we do not panic. After all, we are doing better this year than we did last year." The person in charge believes that the exchange rate adjustment is an uncontrollable factor, and the enterprise can save their own, is still good quality.
"The same price, our quality is more guaranteed; Same species, we mine the largest quantity, the best quality. Because our order quantity is stable, have priority." I believe that in all the stone enterprises seem to be the same: as long as there is a good quality, and then pay attention to sales details, they are not afraid of the back of the material unmarketable, even if small profit, also won't lose money.
In addition, I believe you have also found that: in the increasingly fierce competition now, the enterprise showroom management highlights the importance of. Only by paying attention to eyeball effect and atmosphere control can we attract more customers and more stay time.
"Selling 1,000 tons makes 100,000 yuan less"
Iran's well-known stone industry, which owns several jade and marble mines, also said it had a big impact on the devaluation of the yuan and the strengthening of the dollar.
"Our stone industry has always been in the wholesale of raw materials, although the volume is large, but quite small profit." The well-known stone industry legal person told the editor: we specialize in mining, and there is an excellent team stationed in Iran, for domestic stone enterprises year-round supply wholesale jade, marble waste materials. And the exchange rate adjustment, the marble wholesale can be said to be a fatal blow.
The stone legal person said, now the domestic management of marble mines of the enterprise is very much, thus the competition is also big, its profit margin is small already well known. And a lot of good marble mines are in foreign countries, this adjustment, and to increase procurement costs, may force a lot of poorly managed enterprises to stop importing marble.
"At present, there are relatively few companies making jade, so there is still a certain profit margin, but we are specializing in Iranian jade, that is, imported jade, so it is inevitable that some impact." Although the US dollar is not used in Iran, the US dollar is still the intermediate currency of exchange, and the Chinese need to convert the yuan into dollars before they can convert it into Iranian currency, the company said.
Before the exchange rate adjustment, the stone industry happened to be in Iran for a domestic jade company ingredients. When enterprises pay the payment for goods, to carry out customs tax declaration, the exchange rate has changed, and the tax declaration of jade will be a little higher than other stone. The price of this batch of goods has been negotiated with the other side, the extra cost can only be borne by themselves.
"In the future, it will be more and more difficult to do wholesale, because almost all foreign mine materials are settled in US dollars, and the exchange rate rises from 6.1 to 6.37-6.4, so the unit price of tons goes up." An increase of 100 yuan a ton increases the cost to the wholesaler
If you sell 1,000 tons for 100 yuan, you'll earn 100,000 yuan less.
Voice 1: Stone prices do not fluctuate much in the short term
So, the RMB exchange rate adjustment, will bring a direct impact on the domestic stone sales enterprises?
"There is an impact, but it is not easy to judge whether the impact is large or not. But in the short term, the price of big board will not change, because there are many stone enterprises have low inventory, but after a period of time, if the exchange rate is still like this, the price of big board may follow up." The general manager of the stone industry said that the exchange rate fluctuations in the short term are normal phenomena and will not have an obvious impact on domestic stone sales.
And pan, deputy general manager of the stone industry also thinks, exchange rate adjustment of the industry as a whole stone sales prices, mainly because the market is not very good, the stone material price is low, and there are many enterprise sales or empty, if increase price again, so, industry sales situation is not optimistic. "At the moment, more companies will choose to wait and see what happens rather than make a hasty adjustment."
"The exchange rate adjustment, in the long run, has some impact on the import of the stone industry, and has an incentive effect on the export of stone. But at the moment there is no direct impact on the domestic market as a whole, because everyone starts from the same starting point, whether it's domestic or foreign." In the view of another well-known general manager of the stone industry, the impact of macro-control on the stone industry is always relatively lagging behind, such as the subprime mortgage crisis in 2008, until 2010 in the stone industry.
Voice 2: Or promote the domestic stone mining boom
Talking about the devaluation of the RMB, the industry senior figures agree that this is a great benefit to stone exports, but the import of stone will have a certain impact.
"RMB exchange rate drops, can reduce the price of RMB assets in the international market, so it is helpful to attract more international capital investment into China, the situation is not optimistic originally China stone industry will have a boost, and it can indirectly improve domestic stone competition style, for domestic stone mining is quite good."
In addition, some experts believe that domestic stone mines will usher in the development of spring. He said that the second half of the season is stone sales, and the cost of imported stone, will undoubtedly force a large part of the stone enterprises to choose domestic stone, thus promoting the domestic stone mining heat. In addition, he also called on domestic stone mining enterprises to leverage the market.