Tag Archives: Market Watch

interlocking eva jigsaw mats

Market Watch EVA Foam Mats

Donald Trump’s recent moves with tariffs and trade barriers have had a remarkable effect on the US dollars value against other currency. This has been accompanied with severely fluctuating equity markets which have been spoked by the prospect of a trade war with China and America’s other trading partners. All of this has had an effect on USD / RMB exchange rate with the Chinese currency climbing against the USD. 

When the USD loses value against the Chinese currency it inevitably leads to a rise in manufactured goods as they become costlier in USD value. Fortunately the USD / AUD exchange rate hasn’t fluctuated so much so that the rise in imported goods from China have not risen so much. The same can be said about EVA foam mats which have also been effected by recent market fluctuations. Although Ezymats have been able to absorb some of the price rises there has been an effect on the price of 40mm EVA foam mats.

There is a likelihood that the recent moves by the Trump administration is just a bargaining plow designed to extract better trade deals for the USA. If that is the case then it is hoped that the currency fluctuations and general market fluctuations will settle down and the effect on EVA foam mat pricing with be limited.

 

Roko

Market Watch

AUD stabilised against the US dollar for the first time in two week as most commodity prices rose, led by oil. A projected OPEC supply cut led crude to a November high, up 4.3%. Our chief commodity iron ore was lower. Iron ore dropped 3.4% to $70.34 a ton as Chinese port stockpiles rose to a two year high. The forecasts for average prices of $58 this quarter and $50 in 2017.

A lower Australian dollar leads to;

  • Higher price for imported goods.
  • Increase change of interest rise.
  • Less money in the bank for most of us.
  • Higher prices for interlocking jigsaw mats.

Hopefully stability will persist in the Australian economic environment.