Shanghai Daoqin Plastics Co., Ltd.

        近期受国际 factors and other more effect/influence, 人民币 for 美元贬 value obvious, in and 离岸人民币汇 rate 跌破“7”关口, inner 恐慌情绪 upper rise, A股连跌不休. 本轮人民币汇 rate 波动令 market relatively is 恐慌, 该轮汇 rate for inner polypropylene (PP) market price effect/influence relatively is has 限, lower is large simple analysis.

        1, supply and demand price polypropylene (PP) Imported degree low

        决定我国 polypropylene (PP) price property factors is polypropylene (PP) basic supply and demand 情况. macro 方面 利空会 effect/influence market 购买者 心态 and 情绪, effect/influence market procurement amount, 一定程 degree for price generate effect/influence. polypropylene (PP) is low Imported degree product types, market main/primary supply and demand still inner market 决定, in demand large decrease low lower, Imported price more 跟随国 inner adjustment, 美金结算规模 day shrink small, effect/influence force decrease low.

        2, 央行按兵未动 人民币汇 rate 预期谨慎

        美联储十 year drop 息终于落, world large 央行跟随 drop more, currently 央行并未采取实质 property measures for this 次 汇 rate 波动, overall policy still main/primary is toward wide 松. separation machine can can again 次瞄准 做空人民币 牟利 machine 会, 希望借助香港 this in 间, 借助部 separation low cost melt 资手段 a large amount of procurement from in 获利.

        部 separation outer type enterprise although still through and other 规避汇 rate 波动风险, 但人民币汇 rate machine is can property low, for for formed 熟, 人民币汇 rate difficult large 幅涨跌波动 market trends, market for 此不必 separation 恐慌.

        3, Imported price pressure inner production capacity for 应弥补

         strong/high 势美元确实会造 formed inner Imported enterprise procurement cost obvious upper rise, although in and Southeast Asia outer already for drop 价, currently outer 贸业者操 as 谨慎, procurement amount is has 限, future polypropylene (PP) Imported amount effect/influence or 出现一定程 degree lower slip, inner enterprise 3季 degree supply increase, large 炼油, salt 湖, 九江石化, 神华榆林, 荆门石化, Shanghai plan 恢复开车, in combined, positive and other new plant/unit will in 8 month positive start production stability 运行. inner output/production volume upper rise for can can decrease/reduce Imported 货源形 formed has 效 弥补, Imported decrease/reduce difficult formed price large 涨.

        综 upper 述, 人民币汇 rate 近期 波动 in future for Imported field/area price formed pressure, this separation pressure relatively difficult 传导至国 inner market price, 建议业者关注国 inner and supply and demand 情况, and 心态面 for rate 波动, heavy machine.