RMB Hits 17-Year High vs. USD on Tuesday

December 27, The Chinese currency renminbi strengthened 15 basis points to 6.3152 against the U.S. dollar on Tuesday, the highest since 1994, according to the China Foreign Exchange Trading System.

Based on a weighted average of prices, the People’s Bank of China, or central bank, sets the central parity rate of the renminbi against the U.S. dollar before the opening of the market each business day.s

“The central parity price is the intention of the central bank. And a higher price shows the central bank’s determination to maintain the appreciation of the Chinese currency. The market has fully received the signal,” a trader told the National Business Daily.

“In view of market trade, profit taking and settlement has pushed up the renminbi. Banks are selling U.S. dollar positions and enterprises are increasing settlements due to accounting needs,” the trader said.

UBS Securities expects the renminbi to stabilize at around 6.35 against the green back at the end of this year and rise by 3% to 6.15 at of the end of 2012.

JP Morgan Chase reckoned China’s real GDP growth would rise 8.2% at an annualized rate in 2012 and the current account surplus would account for 2.8% of GDP next year. The Chinese currency would continue to appreciate by about 4% against the U.S. dollar in 2012.

The Contacts of Hyupshin

1. About Online Chat system. The chat system on the webpage was mistakes recently because of you know reason – Chinese GWF, we can’t connect to you base on Google service when you click chat system, we were very sorry for this. So when you have questions or enquiries to us please send email or fax to us directly.
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2. About the Phone, telephone number changed to 86-531-83297728 and 83294552, fax number keep 86-531-83291878, old telephone number 83635421 have stopped to use. Welcome to contact us dial in new number. THX.


The Quality Control System
Jinan Hyupshin Flanges Co., Ltd built Quality Control System for steel flanges and pipe elbows products, obtain ISO 9001:2000 certificate in 1998, base on the ISO 9001 : 2000 rules, we get KS certification from Korea Standards Association in 2001, Hyupshin set up a run well quality control system under rules, from the raw material inspection to products delivery, each process have records and make sure all is under the system control. Hyupshin also set up the products tracing system, each product marks heat number and a special tracing number, search the database we can get all information, find and solve questions in fast speed. ( See Certificate Page )
Well Equipments and Machinery
Jinan Hyupshin Flanges Co., Ltd owns well equipments to produce steel flanges and pipe elbows.
Forging and Rolling, Hyupshin owns heavy forging equipments and large rolling equipments, can forge weight from small up to 1000Kg, roll size from DN15 up to DN2000, forging type include steel plate structure, tube structure, ring structure, shaft structure etc.
Punching and Stamping, Hyupshin owns heavy punching and stamping machines, pressure for 400ton and 1000ton, can stamp size from DN15 up to DN200 (Steel plate thickness within 30mm). Stamping work is good way to fast produce plate steel flange and blind flange.
Machining and Drilling, Hyupshin owns many kinds of lathes, include common lathes, large vertical lathes, CNC lathes, special flanges lathes, common drilling machines, radial drilling machine, multiple automatic drilling machines, turning and drilling range from DN15 to DN2000.
Marking and Packing, Hyupshin owns automatic marking machines and packing machines. The marking words are clear, regular and clean. Packing for plywood pallet, plywood box or steel cage, Seaworthy Packing for all.
Inspection, Hyupshin owns well inspection equipments, include size inspection, Mechanical capacity inspection (strength of extension, yield strength, hardness etc), chemical analysis and inspection (content of carbon, sulfur, phosphorus, silicon, manganese etc), products finally inspection.
Well Workers and Engineers
Hyupshin owns full experience technician and workers to produce high quality steel flanges, responsible quality inspector to find question products, clever engineers to solve questions. In Hyupshin, most workers have 10 years experience in flanges producing, all engineers are professional in forging, machinery and materials, all inspectors receive training for quality control regular, Hyupshin never sent question products to buyers.
Well Order and After Sale Service
Hyupshin owns professional service staff to response your enquiry fast, handle your orders carefully, explain . We also provide good after sale service to solve any questions in selling and using. Trust in us, Hyupshin provides high quality flanges to customers from 39 countries with more than 20 years, low price and high quality is the belief for Hyupshin corporation, when you know these, why not to choose Hyupshin to your partner?
No6, Nanbei Road, Niupai, Mingshui,
Zhangqiu City, Shandong,
China – 250 200
President : Mr. Guo Zhaoji
Director : Mr. Hong Songjo
Tel : + 86 531 832 945 52
Fax : + 86 531 832 918 78
Marketing Director: Mr. Austin. Guo
Tel : + 86 531 836 354 21
Fax : + 86 531 832 977 28
Email : austin@hyupshin.cn
Skype : iguorui
For steel flanges sales & enquiries :
Website : www.hyupshin.cn