China's export commodity prices will continue to rise

Nanfang Daily News (reporter/Ozhiki) "If the main raw materials and accessories prices continue to rise, the export prices of a variety of Chinese products are expected to continue to climb in the next few months." "The latest research report, released yesterday from global sources, noted that 74% per cent of suppliers said they had increased the export prices of their products in 2010 and that the main reason for the adjustment was the rise in the prices of raw materials and accessories.　　It is reported that in the face of the trend of rising raw material costs, 24% of enterprises plan to implement a new round of price adjustment.　　It is reported that the research activity was carried out last December, the global Resources research company visited 232 Chinese exporters of telecommunications products, household goods, fashion accessories, garments and textiles, hardware products, sporting goods and security products, of which a majority of the respondents were from Guangdong province, 19% from Zhejiang Province and 13% from Fujian province.　　Rising prices of raw materials and export products it is understood that since last year, the price of raw materials and accessories of manufacturers continued to rise, 33% of respondents said last year, the price of raw materials and accessories rose to 6% to 10%, and up to 41% of the respondents pointed out that raw material prices rose as high as 11% to 20% or　　To ease the ever-increasing cost of raw materials, 74% per cent of exporters said they had raised their export prices in 2010, with 50% of the suppliers saying their adjustment had risen by no more than 5%, with One-third of the respondents saying the increase was between 6% and 10%. If the main raw materials and accessories prices continue to rise, how to do? In this respect, nearly one-third of the suppliers surveyed plan to improve the production efficiency of the plant, mainly in Guangdong province, and 24% of the suppliers plan to introduce a new round of price adjustment. 28% of the surveyed Yangtze River Delta region and Fujian province said that in response to rising raw material prices, higher export prices is their preferred measure.　　In addition, 33% of exporters in China's emerging manufacturing regions are also planning to increase export prices. Peike, President of global Resources Business Affairs, pointed out that previous research has shown that suppliers from the control of production operations to improve corporate profits, but now almost all of China's export industry, raw materials and labor costs are rising, this method is not enough to counter such pressure. As a result, most suppliers have opted to increase export prices or to develop high-end products.　　The reporter learned from the survey that in order to deal with the price of raw materials and accessories, 11% of the export suppliers plan to abandon the production of low-end products, to develop high-end products. "More and more Chinese suppliers are abandoning the production of low-end products to the development of high-end products, become well-known international brand manufacturers or create their own brands, which is actually a normal stage of China's economic development." It is more urgent than ever for Chinese exporters to better promote their competitiveness and to offset the impact of higher prices by providing better services, improved quality and output.　　"said the analyst. The production enterprise uses the local material to be known, since June 2010 peopleThe currency has appreciated by about 3.5%.　　Suppliers could have reduced the cost of purchasing raw materials and accessories, but export prices have not fallen, which shows that most Chinese exporters have not benefited.　　According to the survey, 61% of the companies said that the use of raw materials and accessories, not more than 10% are imported from abroad; only 12% per half of its accessories are imported.　　The survey also found that all respondents to the consumer goods industry suppliers to use more local raw materials, 68% of the suppliers said that the use of raw materials and accessories not more than 10% are imported. 88% of the respondents pointed out that they were purchasing through overseas agents or distributors of raw materials and accessories companies in China, and only 12% per cent said they procured directly from overseas.