[Ferro-Alloys.com] Chinese foreign trade enterprises may face surging pressure in the second half of this year, due to increasing commodity prices, skyrocketing shipping costs and a fluctuating foreign exchange rate, industry experts said.

"The pressure will probably emerge in June," said Qiu Zhiming, chairman of Beifa Group, a leading stationery and office supplies manufacturer based in Ningbo, Zhejiang province. The company's exports, which reach nearly 200 countries and regions, account for 16.5 percent of Chinese pen exports.

"The rising commodity prices and increasing shipping costs both weigh down on enterprises," Qiu said. "Meanwhile, since many overseas manufacturers began to resume production earlier this year, the competition is also increasing."

Prices of key commodities and industrial components increased between January and April. For example, the price of iron ore was up 58.8 percent compared with the same period last year, the price of copper rose 29.8 percent, and that of integrated circuits increased 18.9 percent, according to the General Administration of Customs data.

Click here for more information: Ferrosilicon Daily Express 5.1

• [Editor:kangmingfei]