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Influence of RMB appreciation on soda ash and glass futures commodities
The impact of RMB appreciation on soda ash and glass futures commodities is: 1. If soda ash and glass products are exported, they will be sold cheaper, because the depreciation of RMB can convert foreign currency into more money and depreciate relative to products. 2. If soda ash and glass are sold in China, more people will buy them in RMB, thus increasing sales. Because these are all necessities of life.