May 12 Trade Risk Alert
Release time:
2020-05-12 14:35
Source:
Colombian iron ore and steel exports fell by 15.9 in the first quarter.According to foreign media reports, Colombia's National Bureau of Statistics (DANE) released data for the first quarter of this year.OreAnd steel exports totaled 45000 tons, down 15.9 percent from the same period last year. Exports of iron ore and steel were 20000 tonnes in March, down 17.5 per cent from a year earlier. (Sina Finance)
Columbia Airlines filed for bankruptcy.On May 10, local time, Columbia Airlines, the second largest airline in Latin America, submitted a bankruptcy plan to the court, but at the same time reserved the right to restructure. According to the company's official gazette, the company's revenue has plummeted by 80% since March this year due to the new coronary pneumonia epidemic, and the company is facing tremendous liquidity pressure. The company intends to resolve its debt problems through bankruptcy restructuring. During this period, the company will continue to maintain operations to ensure that the group 20000 more employees in Latin America. Since March 23 this year, Colombian Airlines has canceled all commercial passenger international flights due to the epidemic. (CCTV News)
International rating agency Fitch downgraded Slovakia.According to the Slovak News Agency reported on May 10, affected by the new coronary pneumonia epidemic, the international rating agency Fitch on the 8th of the long-term foreign currency issuer default rating from A + to A, the outlook is stable. Fitch expects GDP to fall by 10 per cent in 2020, a fiscal deficit of 7.7 per cent and public debt to account for nearly 60 per cent of GDP. (Ministry of Commerce website)
Myanmar is on the EU's list of high-risk countries for money laundering.The "Myanmar Times" reported on May 11 that the European Union announced on May 7 that Myanmar was included in the list of high-risk countries for money laundering. A total of 22 countries including Myanmar were included in the list. (Ministry of Commerce website)
Philippine economic growth contracted for the first time since 1998.According to a report by the Philippine Daily Inquirer on May 8, the Philippine government stated that due to the Philippines' community isolation policy, the embargo has damaged the economy and brought a catastrophic blow. The gross domestic product (GDP) from January to March this year It shrank by 0.2, the worst performance since the Asian financial crisis in 1998. Some economists warned that the blockade of the whole country began in April, while the blockade of the capital area and other high-risk areas was extended to May 15, so the economic contraction in the second quarter will further expand, and the worst may not yet come, or there will be an economic recession. (Ministry of Commerce website)
Thailand's food exports fell 6.9 percent in the first quarter of this year.Recently, Thailand's agricultural food exports were only 119.546 billion baht in the first quarter of this year due to the new coronary pneumonia epidemic, down 13.3 percent from 137.86 billion baht in the same period in 2019, according to Weiser, chairman of the trade union of Thai food manufacturers. In addition, industrial food exports in the first quarter were 137.765 billion baht, down 0.6 percent from 138.641 billion baht in the same period in 2019. Exports of food commodities totaled 257.32 billion baht, down 6.9 percent year-on-year. (Ministry of Commerce website)
Mongolian cashmere prices fell by about 50%.According to Mongolian "government news" newspaper, "www.gogo.mn" and other media news, the current price of cashmere in Mongolia is 50000 per kilogram (about 127 yuan/kilogram), down about 50% from the same period last year. In the past three years, Mongolia's cashmere exports have grown steadily, and the Mongolian government has taken the cashmere processing industry and the export of cashmere products as key development areas. (Ministry of Commerce website)
Exports fell sharply by 46.3 per cent from May 1-10, South Korea.According to Yonhap News Agency's report on May 11, statistics from the South Korea Customs Department showed that from May 1 to 10, South Korea exports were 6.9 billion US dollars, a sharp drop of 46.3 percent year-on-year. In terms of major exports, in addition to ship exports, which rose 55 per cent year-on-year, semiconductor exports fell 17.8 per cent year-on-year, wireless communications equipment fell 35.9 per cent year-on-year, and petroleum products and automobiles fell sharply by 75.6 per cent and 80.4 per cent, respectively. From the perspective of major export target countries, exports to China decreased by 29.4. Exports to major trading partners such as the United States (-54.8 per cent), the European Union (-50.6 per cent), Vietnam (-52.2 per cent), Japan (-48.4 per cent) and the Middle East (-27.3 per cent) declined across the board. (Ministry of Commerce website)
Bringing foreign currency cash into and out of Iran is subject to the risk of forfeiture and fines.Iran's parliament passed a bill on Sunday as part of a revision of the law to combat smuggling of goods and currency, Iran's IFPnews newspaper reported on May 10. According to the bill, bringing foreign currency into Iran will face a fine equivalent to twice the equivalent value of rials, and those who take foreign currency out of Iran may be confiscated and subject to a fine equivalent to two to four times the equivalent value of rials. (Ministry of Commerce website)
Saudi Arabia cut production by an additional 1 million bpd in June Kuwait and the United Arab Emirates also announced an expansion of production cuts.On May 11, an official of Saudi Arabia's energy ministry said that on the basis of fulfilling OPEC's production reduction agreement, the ministry has instructed national oil company Aramco to reduce its production by an additional 1 million barrels per day in June. "This is equivalent to reducing Saudi Arabia's total production cuts by about 4.8 million barrels a day from April levels." Following Saudi Arabia's decision to cut production by an additional 1 million bpd, Kuwait and the UAE have also announced that they will volunteer to cut production by an additional 80000 bpd and 100000 bpd in June. (21st Century Economic Report)
Two-thirds of the world's passenger planes were grounded during the outbreak, with high parking and maintenance costs.According to CCTV Finance on May 11, the new coronary pneumonia epidemic has severely impacted the aviation industry. Compared with the same period in 2019, global air traffic decreased by 63%. More than 2/3 of the world's passenger planes were grounded during the outbreak. Aircraft parking requires suitable space and regular maintenance. In the United States, more than 800 aircraft are parked at the three largest parking areas. Parking and maintenance costs are undoubtedly worse for airlines, which will further adversely affect the aircraft manufacturing industry. According to the International Air Transport Association, airline passenger revenue could plunge $314 billion in 2020 as a result of the epidemic. (Securities Times Network)
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The company was founded in 1997, currently 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting. The company's process equipment strength, Japan's new east automatic casting line 6, commercial vehicle brake disc automatic casting line 2. There are 56 processing lines -6 full-automatic one-word processing lines and 30 robot processing lines. Packaging cleaning line 5, spraying line 3.
Since the beginning of this year, the price of raw materials has risen sharply, sea freight has soared, and the difficulty of finding a box of shipping space has seriously plagued manufacturing companies. The current power curtailment has made companies even worse. Take our company as an example. Since the power limit in early September, the company's production capacity has dropped by about 50% on average every day. Exports have decreased by 0.02 billion yuan. The performance rate of orders in hand is about 50%. New orders were reduced by 10%. These data are the impact of the current power rationing on enterprises. If the power rationing situation is not alleviated, the impact on enterprises in the fourth quarter will be more serious.
Recently, Yunnan, Jiangsu, Qinghai, Ningxia, Guangxi, Guangdong, Sichuan, Henan, Chongqing, Inner Mongolia, Henan and other places have begun to carry out energy control measures to limit energy consumption.
The total power generation in 021 is not low. In the first half of the year, China's total power generation was 3871.7 billion kWh, twice that of the United States. At the same time, China's foreign trade has grown extremely fast this year. According to data recently released by the General Administration of Customs, in August, the total value of my country's foreign trade imports and exports was 3.43 trillion billion yuan, a year-on-year increase of 18.9 percent, achieving positive year-on-year growth for 15 consecutive months, further showing a steady and solid trend. In the first eight months, the total value of China's foreign trade imports and exports was 24.78 trillion billion yuan, up 23.7 percent year-on-year and 22.8 percent over the same period in 2019.
The impact of the neo-coronary pneumonia epidemic on global supply chains continues, with high international freight rates, container shortages and terminal congestion still unabated, and labor shortages exacerbating the dilemma. The outbreak of the new coronary pneumonia epidemic in 2020, due to the obstruction of international freight, soaring transportation costs, international trade in goods greatly hindered, triggering a supply chain crisis in many countries (regions), since 2021, the new coronary pneumonia virus variant strain raging, so that the supply chain has not yet fully recovered.
Statistics from the China Association of Automobile Manufacturers show that in the first seven months of 2021, China's cumulative automobile exports reached 1.002 million, an increase of 1.2 times year-on-year, but the month-on-month growth was only 9.8 percent, showing a shrinking trend. Moreover, commercial vehicle exports fell 11.6 percent month-on-month, of which new energy commercial vehicle exports fell 57.8 percent month-on-month. It is said that the main reason for the decline in automobile exports is the poor shipping channels.
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At present, 4000 a variety of models of automobile brake discs, brake drums with an annual output of 10 million pieces. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
At present, 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
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