On 18th September the US Federal Reserve slashed interest rates by 50 basis points to a range of 4.75 to 5 per cent amid cooling inflation and a weakening labor market, marking the first rate cut in over four years., which means the start of an easing cycle.
In Deutsche Bank’s view, the Fed will instead continue cutting interest rates, a rate cut can sometimes lead to a depreciation of the US dollar. This can make US exports more competitive in the global market. Since the date of rate cutting, the exchange Dollar to RMB decreased everyday, thus, it will be difficult for Chinese exporting business.
In such situation, the situation will be hard to solar racking manufacturers in China. The price will be no competitive as before.
But someone who hold the opposite view, it maybe also a good time to import from China.
If under the situation of the raw material keeping increased and the exchange US to RMB keeping decreased, the price will keeping higher than previous years. Then now it will be the lowest price range in the Chinese market of solar racking.
Nowadays, China solar racking companies also focus on striving on keeping produce the quality products while making the cost down. So that we can occupy more market shares.
We Xiamen ART SIG Co., Ltd. mainly produce the solar racking system since 2006, we not only care about the quality, the design but also the main point that is the lower price.
In previous time, Chinese labor is the lowest in past years, now it is not the big advantage again comparing to Vietnam, Malaysia, India or other Asia market.
But comparing to quality and precision, we ART SIGN are sure that we do always focus on the development of production equipment or sills, so that our products can own the trusty to our customers all over the world.
In recent years, ART SIGN has introduced the new equipment of auto drilling machine, CNC machine, auto packing machine, pre-assembling machine ect.. which will help us saving the the labor cost, speeding up the production while keeping the good quality of products.
Is it a good moment to purchase solar mounting from China? Yes or no, what is your idea?
For any inquiry of solar panel mounting system, pls contact us, E-mai:sales@artsign.net.cn, Whatsapp / Wechat / Skype:+008618030235875, thanks.