May 15 Trade Risk Alert
Release time:
2020-05-15 15:01
Source:
Global trade fell 3 percent in the first quarter.On May 13, the United Nations Conference on Trade and Development and a number of international organizations jointly released a report showing that global trade fell 3 percent in the first quarter due to the new coronary pneumonia pandemic, and the report expects global trade to fall 27 percent month-on-month in the second quarter. (CCTV News)
Some problem mask products were detected in the United States.On May 12, the US Centers for Disease Control and Prevention (CDC) issued an announcement on the results of mask testing in China. The announcement lists more than 100 Chinese mask companies, including company names, product types, implementation standards and test results. Some of the problematic products are recommended to be paid special attention to by exporters. The query website is:https://www.cdc.gov/niosh/npptl/respirators/testing/NonNIOSHresults.html. (Focus Horizon)
The number of people applying for unemployment benefits in the United States reached 2.98 million last week.The latest data shows that the number of people applying for unemployment benefits for the first time in the United States reached 2.98 million last week. Although this data has fallen for six consecutive weeks, the number of unemployed people in the United States is still at a high level. The number of unemployed people in the past seven weeks has exceeded 36 million. (CCTV Finance)
2020The "Hamburg Summit-China meets Europe" will be postponed to 2021.Affected by the new crown epidemic, the Hamburg Chamber of Commerce, the organizer of the Hamburg Summit, recently decided to postpone the 9th Hamburg Summit, originally scheduled for November 2020, to the autumn of 2021, with the specific date to be announced as soon as possible. (Ministry of Commerce website)
2020The Hamburg Maritime Show and Wind Energy Show were postponed.Due to the new crown epidemic and international travel restrictions, the Hamburg Maritime Show 2020 (SMM), originally scheduled for September 8-11 this year, will be postponed to February 2-5, 2021. The Hamburg Wind Energy Exhibition 2020 (WindEnergy Hamburg), originally scheduled for September this year, will be postponed to December 1-4. (Ministry of Commerce website)
3The Philippines had a net outflow of US $0.96 billion in January.According to the Philippine "Manila Bulletin" report on May 9, according to the statistics of the Philippine Central Bank, the net flow of foreign direct investment in the Philippines reached 0.96 billion US dollars in March, a substantial increase from the net outflow of 40 million US dollars in February. As of April 3 this year, the Philippines had a total net outflow of US $1.5 billion, compared with a net inflow of US $0.29 billion in the same period last year. (Ministry of Commerce website)
Fitch downgraded the outlook for the Philippines' credit rating.According to the Philippine Star (philstar) on May 9, due to the impact of the new coronavirus epidemic on the Philippine economy, Fitch downgraded the Philippines' credit rating outlook from "positive" to "stable", the first credit rating downgrade since July 2005. (Ministry of Commerce website)
Affected by the outbreak, Sony's fiscal 2019 net profit fell 36% year-on-year.People's Daily Online, Tokyo, May 14 (Zheng Jin) According to NHK TV, Japan's Sony Corporation announced on May 13 in its final accounts report for fiscal year 2019 (April 2019 to March 2020), which showed that its operating profit was 36% lower than the previous year due to the impact of the new coronary pneumonia epidemic. Due to the many uncertainties about the impact of the outbreak, Sony said it was difficult to predict the size of its operating profit for fiscal 2020. (Ministry of Commerce website)
Australia's unemployment rate hit a five-year high in April, the largest drop in jobs on record.Australia saw the biggest drop in employment on record in April as employers cut hundreds of thousands of jobs in response to an economic blockade imposed to fight the epidemic. The Australian Bureau of Statistics released data showing that the number of people working in April fell by 594300, the largest drop on record. The unemployment rate rose to 6.2 per cent, the highest since September 2015, but analysts had estimated a 8.2 per cent jobless rate of 5.2 per cent in March. The statistics office estimated that in the March-April period, a total of 2.7 million people were affected by unemployment or reduced working hours for economic reasons. This figure far exceeds the number of people who found work or increased hours between March and April, which affects the final figures. (China Financial Information 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.
Product recommend
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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