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Chinese exporters are wary of a strengthening yuan, which could erode their competitiveness, even as the Ukraine crisis pushes up raw material prices. Manufacturers say they have raised ex-factory prices only about 5% while raw material costs have soared.
Higher raw material costs for Chinese manufacturers and currency pressure on exporters reflect broader inflation in commodity inputs, with limited direct effect on feed grain prices.
scmp.comHe HuifengMar 4, 2022After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
