The Current RMB Exchange Rate still Has A Slight Depreciation

The RMB exchange rate continues to depreciate. The current central parity rate has reached around 7.2. The downstream' s willingness to purchase USD-denominated products has significantly declined, and they are more inclined to purchase yuan-denominated materials and get the tax refunded, further suppressing the trading of US dollar sources. In this situation, in order to maintain a reasonable price spread and transaction volume, some traders will slightly adjust down their offers, and the impact on the CFR China market will also gradually become prominent.