On April 15th, at the 109th China Import and Export Commodities Fair in Guangzhou, the relevant person in charge of the China Minmetals Chemicals Chamber of Commerce stated that under the background of increasing global inflation pressures, the cost of raw material imports by Chinese companies is still rising. How to enhance bargaining power has become an urgent matter.

Despite the impact of the earthquake in Japan, the turmoil in the Middle East and North Africa, some commodity prices have recently declined, but from the long-term trend, the prices of commodities such as crude oil, iron ore, and non-ferrous metals will remain high and volatile, and some commodity prices It is possible to reach or exceed the pre-crisis level in the short term.

However, Wang Minjiang, vice president of the China Minmetals Chemicals Import and Export Chamber of Commerce, said that a low level of industrial concentration is the biggest impediment to increasing the bargaining power of China’s bulk commodities. Only by accelerating the pace of structural adjustment and transforming growth can we respond effectively to future market challenges and improve Chinese industry's competitiveness in international trade.

From the perspective of the Canton Fair negotiations, China’s enterprises are generally reluctant to accept long-term orders. This is related to the expected appreciation of the renminbi of the company and concerns about the adjustment of export tax rebates. However, it is also related to the lack of bargaining power of companies and their desire to reduce the risk of raw material price fluctuations. Direct association.

Wang Xiaojiang believes that from the perspective of the industry, the fundamental driving force for achieving this transformation lies in the company’s own understanding and changing needs, and accelerating the speed of industrial concentration.

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