China's import and export customs data of stainless steel and main raw materials in October 2025 and January-October 2025

Recently, affected by factors such as the rapid depreciation of the Japanese yen, global foreign exchange market volatility has intensified. In this process, the trend of the RMB against the US dollar has been stable but relatively strong. On the 25th, the spot exchange rates of offshore and onshore RMB against the U.S. dollar both rose above 7.09, hitting a new high in more than a year.
According to Wang Qing, chief macro analyst of Oriental Jincheng, there are two main reasons for this trend. First, the recent central parity rate of RMB against the US dollar has continued to adjust towards a stronger direction. Second, China's exports this year have exceeded expectations. China's domestic capital market has strengthened since July, which has not only increased demand for foreign exchange settlement, but also boosted market confidence in the RMB.
Taking into account various influencing factors, analysts predict that the RMB will remain strong in the short term. The Federal Reserve may continue to cut interest rates in the future, and the upside potential of the U.S. dollar index is limited. In the short term, the central parity rate of RMB against the US dollar will maintain a certain degree of control in a stronger direction.
"Overall, this will help provide a stable external environment for Chinese foreign trade companies." Wang Qing said that the RMB exchange rate will still be mainly stable, and will generally maintain an operating pattern of reverse fluctuations with the U.S. dollar, with relatively small fluctuations.

Sinosteel Stainless Steel Pipe is the Manufacturer and Supplier of Stainless Steel Pipe and Special Alloy Pipe, Steel pipes with an outer diameter from 8mm to 3600mm, with wall thicknesses from 0.2mm to 120mm. Factory covering an area of 333,000 square meters. Production capacity reaches 200,000 tons.

No.7, Huitong Industrial Park, Jinzhong Developmen

Sinosteel Stainless Steel Pipe
Web: https://www.sinosteel-pipe.com/en
email: contact@sinosteel-pipe.com

This release was published on openPR.