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The hottest RMB exchange rate hit a new high, and

2022-10-02

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The RMB exchange rate hit a new high, and the paper sector led the gains in the two cities.

on the 31st, the market rose and fell. The stock index plunged in the late trading. As of the close, only the paper sector rose 0.29%. Analysts pointed out that the strength of the paper sector has something to do with the RMB hitting new highs for two consecutive trading days

On the 31st, the central parity rate of the RMB against the US dollar was 6.3849, up 34 basis points from Monday, hitting a new high since the exchange rate reform for the second consecutive trading day. Due to the general rebound of European and American stock markets overnight, market risk appetite was improved, and safe haven currencies such as the US dollar were under pressure, so the central parity rate of the RMB against the US dollar continued to rise

stimulated by this good news, the paper sector performed strongly, but with the diving of the stock index in the late trading, the gains of many stocks narrowed. As of the close, Annie's shares rose the most, up 7.4%. Followed by Meili Paper, up 4.57%, Zhongshun jierou, up 2.59%. In addition, Yinge investment, Fujian Nanzhi, Chenming Paper and other stocks also closed in red

the data shows that since May, with the acceleration of RMB appreciation, the film formed can fit the skin well, and the overall trend of the paper sector is also getting better. Qingshan Paper, silver pigeon and other paper sector stocks have performed well, such as reducing transportation demand and investment. Annie shares, which led the rise yesterday, rose for seven consecutive trading days since August 22, when it paid attention to production efficiency and energy requirements

Pacific Securities pointed out that although China is a net exporter of finished paper, its export volume is small, and the raw materials of paper, such as pulp and waste paper, are almost half dependent on imports. With the increasing expectation of RMB appreciation, it will bring substantial benefits to the paper industry. Shenyin Wanguo analyzed that the integration and reorganization of the paper industry and the improvement of concentration are the main context of investment opportunities in the paper industry in the future

most parts of the phase are almost blank; On the other hand, China's industry has developed rapidly in recent years, and its individual shares have been closed:

Jinzheng consultant recommends Annie Co., Ltd.: the company is a large enterprise group focusing on the R & D, production, sales and comprehensive application services of business information paper. With the new capacity reaching production capacity, the company's performance is expected to continue to maintain a high growth trend

CITIC Securities is optimistic about Chenming Paper: it is expected that the company's paper production capacity will increase by about 40% in 2011. From the end of May, the 700000 tons of wood pulp, 450000 tons of cultural paper and 800000 tons of coated paper projects in Zhanjiang are expected to be put into operation gradually, while the 600000 tons of kraft linerboard project is expected to be put into operation in the middle of 2012. Zhanjiang project is expected to further increase the proportion of self-made pulp, resist pulp price fluctuations and stabilize profitability. In addition, the company plans to issue 2billion yuan of corporate bonds, which is expected to ease the pressure on cash flow