Exchange Rate, iPhone, tungsten Carbide Cutter and Listed Company-5
- Category: Tungsten’s News
- Published on Thursday, 16 August 2018 09:50
Solution of tungsten, molybdenum and rare earth industry
The trade war is beneficial for the tungsten-molybdenum rare earth industry and a rare opportunity.
Therefore, the strategies that tungsten industries should adopt are:
1) Before there is a sign of cease-fire, it is beneficial to hold the US dollar as much as possible and not to dispose of the US dollar if the RMB does not reach 7.00 in order to earn more exchange earnings.
2) To reduce the price for American market. If we give up a part of the exchange earnings to US importers, it can help us maintain bilateral trade relations.
3) Assume that the import amount of tungsten product is set within a certain period of time, they should encourage giving certain concessions as much as possible in order to exchange for more US dollars in the case of depreciation of the RMB and obtain more exchange earnings.
4) Try to use dollar-denominated pricing instead of the euro and other pricing methods. Other currencies against the dollar have different ranges of depreciation.
The above is our rough advice to the industry peers, of course, this thinking can also be extended to other similar industries.
Performance of tungsten listed companies
According to the above analyses, we basically believe that the trade war may not be a bad thing for the tungsten industry. In addition, it is very likely to be regarded as a piece of good news and a beneficial factor, which will directly affect the performance of the listed company this year.
If you are a stockholder, you own stocks of tungsten industry concept stocks, such as Xiamen Tungsten Industry, Zhangyuan Tungsten Industry, Xianglu Tungsten Industry, Guangzhao and so on. Or if you want to buy stocks, you should know how to operate in the future.
To emphasize our recommendations again:
Try to take the chance during the currency depreciation to expand exports!
Try to use the RMB to hold the US dollar!
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