Yee-gum maker breach of contract negotiations after-effect storm remains to be seen
Following the breach of contract after the storm swept through rubber market in the near future on how to deal with the buyers of non-payment of goods, the sanctions for breach of contract lose the trust of Chinese buyers into the market that the focus of the heat. On the 24th of this month coincides with Malaysia in rubber will be held in Kuala Lumpur, Malaysia, it's from Thailand, Malaysia, Indonesia, the three major rubber producing countries and major trading nations of the Singapore Chamber of Commerce Poly a plastic in the exchange market as a whole at the same time a breach of contract , Breach of contract to explore measures to solve the crisis of the next step.
The default crisis, due to start in July's market drop, especially since the National Day vacation almost in a straight line down the market fell into the water. By the financial crisis triggered by falling commodity prices in the rubber market can be fully reflected, since the end of September, set apart from cargo quote 2800 U.S. dollars / ton drop from the current 1800 U.S. dollars / ton, less than one-third decline in January One of the much higher than the 10-20% of the contract deposit ratio, making buyers hesitate to take some of the default mode in order to stop.
It was part of the supplier, according to the current Chinese buyers refused to buy the performance of the quantity of goods has more than 10,000 tons, which are sourced from Thailand, Indonesia and Malaysia and other major rubber producing countries. Some of the lower reaches of large-scale acts of breach of contract factories, but also make the Southeast Asian suppliers to domestic buyers have serious doubts about the integrity.
South-East Asia are forced to rubber began to seek to safeguard their own interests. Malaysia's annual meeting, the plastic will have to exchange Chinese breach of the list of buyers, with a view to future trade alert. But whether or not to introduce sanctions to be truly effective, the majority of operators who hold conservative views.
Industry, the current buyer's breach of the collective, which is fundamental for the development of a contract for the sale when buyers pay less bound by the performance. At present, imports of rubber contract payment terms, the buyer is the basic conclusion of the contract, the first wire deposit a certain percentage (the ratio for more than 10-15%, some 30%), and the remaining amount of the contract through the acceptance letters of credit or money order to pay Section. Chinese buyers because of limited capital, with most of the current Acceptance mainly to take only a few letters of credit practices. Acceptance of a lack of bank credit guarantees, if market prices fell more than the ratio of deposit, buyers tend to refuse acceptance, resulting in a completely passive operation of the seller. According to the Trade and easy to understand, has taken a number of high-pay letter of credit or deposit of the contract, the performance is significantly better, plastic business interests are better protected.
But can improve through the implementation of the letter of credit deposit ratio, or to protect the buyer to pay the normal performance? It has been easy to trade on the part of the investigation of the industry, the industry generally more conservative attitude. High deposit or letter of credit for the buyer to pay up more money, credit higher in the current domestic downstream plants in general are facing slow tire sales, capital of the tense backdrop, the practice is quite difficult in the short term is bound to cause China to buy House opposition and resistance. In addition, the effective implementation of the above methods depends on the solidarity of the Group of the seller, once part of the glue business for the customer to relax the terms for China, is likely to lead to further industry-wide return to their own state.
Industry, said the market from a realistic point of view, self-adhesive's more realistic. It is reported that some of the glue will be adjusted according to their Chinese customers for sales strategy, such as customer ranking, respectively, to take a different mode of cooperation for the exchange at the black customers by charging a higher deposit to avoid risks; for breach of contract Storm faith in the performance of the client, follow the pre-deposit ratio of 10-15%, reduce the capital occupied by the buyer.
Malaysia's annual meeting, the seller is a group that in the current crisis in breach of China's first exchange of the General Assembly. In the absence of a strong coalition of interests, the market for the General Assembly's ability to put effective solutions to the crisis, will continue to take wait-and-see attitude.
Following the breach of contract after the storm swept through rubber market in the near future on how to deal with the buyers of non-payment of goods, the sanctions for breach of contract lose the trust of Chinese buyers into the market that the focus of the heat. On the 24th of this month coincides with Malaysia in rubber will be held in Kuala Lumpur, Malaysia, it's from Thailand, Malaysia, Indonesia, the three major rubber producing countries and major trading nations of the Singapore Chamber of Commerce Poly a plastic in the exchange market as a whole at the same time a breach of contract , Breach of contract to explore measures to solve the crisis of the next step.
The default crisis, due to start in July's market drop, especially since the National Day vacation almost in a straight line down the market fell into the water. By the financial crisis triggered by falling commodity prices in the rubber market can be fully reflected, since the end of September, set apart from cargo quote 2800 U.S. dollars / ton drop from the current 1800 U.S. dollars / ton, less than one-third decline in January One of the much higher than the 10-20% of the contract deposit ratio, making buyers hesitate to take some of the default mode in order to stop.
It was part of the supplier, according to the current Chinese buyers refused to buy the performance of the quantity of goods has more than 10,000 tons, which are sourced from Thailand, Indonesia and Malaysia and other major rubber producing countries. Some of the lower reaches of large-scale acts of breach of contract factories, but also make the Southeast Asian suppliers to domestic buyers have serious doubts about the integrity.
South-East Asia are forced to rubber began to seek to safeguard their own interests. Malaysia's annual meeting, the plastic will have to exchange Chinese breach of the list of buyers, with a view to future trade alert. But whether or not to introduce sanctions to be truly effective, the majority of operators who hold conservative views.
Industry, the current buyer's breach of the collective, which is fundamental for the development of a contract for the sale when buyers pay less bound by the performance. At present, imports of rubber contract payment terms, the buyer is the basic conclusion of the contract, the first wire deposit a certain percentage (the ratio for more than 10-15%, some 30%), and the remaining amount of the contract through the acceptance letters of credit or money order to pay Section. Chinese buyers because of limited capital, with most of the current Acceptance mainly to take only a few letters of credit practices. Acceptance of a lack of bank credit guarantees, if market prices fell more than the ratio of deposit, buyers tend to refuse acceptance, resulting in a completely passive operation of the seller. According to the Trade and easy to understand, has taken a number of high-pay letter of credit or deposit of the contract, the performance is significantly better, plastic business interests are better protected.
But can improve through the implementation of the letter of credit deposit ratio, or to protect the buyer to pay the normal performance? It has been easy to trade on the part of the investigation of the industry, the industry generally more conservative attitude. High deposit or letter of credit for the buyer to pay up more money, credit higher in the current domestic downstream plants in general are facing slow tire sales, capital of the tense backdrop, the practice is quite difficult in the short term is bound to cause China to buy House opposition and resistance. In addition, the effective implementation of the above methods depends on the solidarity of the Group of the seller, once part of the glue business for the customer to relax the terms for China, is likely to lead to further industry-wide return to their own state.
Industry, said the market from a realistic point of view, self-adhesive's more realistic. It is reported that some of the glue will be adjusted according to their Chinese customers for sales strategy, such as customer ranking, respectively, to take a different mode of cooperation for the exchange at the black customers by charging a higher deposit to avoid risks; for breach of contract Storm faith in the performance of the client, follow the pre-deposit ratio of 10-15%, reduce the capital occupied by the buyer.
Malaysia's annual meeting, the seller is a group that in the current crisis in breach of China's first exchange of the General Assembly. In the absence of a strong coalition of interests, the market for the General Assembly's ability to put effective solutions to the crisis, will continue to take wait-and-see attitude.
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