Canton Fair: Iceland volcano affects EU buyers to 20%

Source: Internet
Author: User
Keywords European Union Canton Fair Iceland
Tags .mall clear compared cost demand drop electrical products export
Li Xiangwan compared with mechanical and electrical products, small profits of light industrial products under the impact of cost pressures, supply and demand both sides in the market is not clear the price of the tug of war, coupled with the Icelandic volcanic eruption affected the European Union buyers to the scale of the big drop, the 107th Canton Fair two export deal is significantly inferior to Canton Fair spokesman Chen Zhaoren yesterday, the 107th session of the Canton Fair two foreign buyers to a total of 58099 people, compared with the previous period increased by 1.7%; export transactions 8.46 billion U.S. dollars, increase 2.1%.  In the first phase of electromechanical products, foreign buyers and export transactions increased by 13.3% and 9.8% respectively compared with the previous period. Chen Zhaoren pointed out that the two issue to buyers and export transactions to maintain the momentum of the resumption of growth.  However, affected by the volcanic eruption in Iceland, in addition to the two-phase European Union buyers falling by 23.6% and the decline in exports to the European Union, the number of transactions in major markets such as the United States and the Middle East has declined in varying degrees compared to the previous year, indicating that there are still many uncertainties in the recovery process in major international markets. Tian, the federal International business manager, said in an interview with the first financial daily that the U.S. market order for the Canton Fair was OK, but European customers were much less. Because the market has not obviously warmed up, temporarily also dare not to increase prices, the company's general inventory of two or three months of raw materials, is still barely able to hold the cost of pressure, but two months after the estimated price can only be raised to customers. Although the enterprise in China has established a certain brand awareness and design, but in the foreign market is still dominated by price competition.

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