Shanghai, China, February 05, 2013 --(PR.com
)-- The papermaking industry is an industry with relatively large import scale of raw materials. Paper pulp and waste paper as well as machinery equipment, etc. used in the papermaking industry mainly rely on imports. The appreciation of RMB is conducive to reducing the cost of the papermaking industry, and has greater positive influences on the high-end paper industry.
Recently, the RMB exchange rate is on the rise. The appreciation of RMB promotes the decline in import costs and is beneficial for enterprises with relatively large import volume of equipment and raw materials to reduce the cost. For example, enterprises importing iron ore, crude oil, paper pulp, various equipment, etc. will benefit a lot. However, it is the papermaking industry that firstly benefits.
China is the world’s largest paper pulp importing country. Currently, 70% of domestic paper pulps rely on imports. The papermaking industry is the third largest industry using foreign exchange for imports. With the appreciation of RMB, the influence on the papermaking industry will be reflected in two aspects, namely, decline in import costs of raw materials and decrease in losses of product export exchange rate. Positive influences on the high-end paper industry will be greater.
According to related statistics, from January to September this year, China’s import volume of paper pulp was 12.28 million tons, rising by 16.4% YOY. The import value was USD 8.251 billion, falling by 7.6% YOY. http://www.cri-report.com/pulp-paper/2696-research-report-on-chinas-papermaking-industry-2012.html.
Because of the little forest resource and low utilization rate of waste paper at home, China becomes the world’s largest paper pulp importing country, and the papermaking industry has also become domestic third largest industry using foreign exchange for imports. With the appreciation of RMB, the influence on the papermaking industry will be reduced in two aspects, namely, decline in import costs of raw materials and decrease in losses of product export exchange rate.
More details: http://www.cri-report.com/pulp-paper/2696-research-report-on-chinas-papermaking-industry-2012.html.