May 18 Trade Risk Alert
Release time:
2020-05-18 17:55
Source:
U.S. retail sales fell the most on record in April.U.S. retail sales fell 16.4 percent month-on-month to $403.9 billion in April, the largest drop in history, according to data released by the U.S. Department of Commerce on the 15th. Analysts believe that although the month-on-month plunge in retail sales is not unexpected, the drop is shocking, highlighting the extremely low willingness of the American people to consume. Domestic personal consumption, which accounts for nearly 70 percent of the U.S. economy, is a key force supporting U.S. economic growth. Economists predict that due to the continued sluggish domestic demand, the US economy may continue to decline by nearly 28% in the second quarter. The Associated Press reported that the 118-year-old department store chain Jesse Penny said on the evening of the 15th local time that as part of its restructuring plan, the company will close some stores. The stores will be closed in phases throughout the bankruptcy process, with details of the first phase to be disclosed in the coming weeks. (Source: Xinhua, Reference News Network)
The U.S. meat supply chain is broken.According to U.S. media reports, there have been more than 14000 confirmed cases of new coronary pneumonia in 181 pork processing plants in the United States, 54 of which have died, resulting in the shutdown of 40% of pork production capacity. According to a report by the American Pork Producers Council on May 10, it is currently estimated that about 170000 pigs in the United States have nowhere to go every day. By September this year, tens of millions of pigs will be euthanized or slaughtered privately. (Global Times)
Some meat producers in Brazil affected by the outbreak stopped production.On May 13, Brazil's Ministry of Agriculture reported that in April 2020, in order to reduce the spread of new crown pneumonia, 42 Brazilian meat plants were suspended, accounting for 9.4 percent of the total number of Brazilian meat plants (446), it is distributed in Mato Grosso do Sul (11), Mato Grosso (10), Pará (6), South Grand River (5), Goias (3), Sao Paulo (2), Manau (2), Parana (1), Minas Gerais (1) and Tocantin (1). Thirty-five companies decided to stop work on their own, one was requested by the Ministry of Agriculture, and six were requested by other agencies (such as the Ministry of Justice). The Ministry of Agriculture did not announce the name of the company. (China Business News Network)
Japan's real GDP fell at an annual rate of 3.4 per cent in the first quarter.According to Kyodo News, Japan's Cabinet Office released on the 18th the first quarter of 2020 (1Month to 3The initial value of gross domestic product (GDP) in January) showed that real GDP, excluding price changes, fell 0.9 per cent from the previous quarter, or 3.4 per cent on an annual basis, showing negative growth for two consecutive quarters. (Zhongxin Jingwei)
The outbreak has hit the Australian beer industry with millions of litres of premium beer dumped into the sewers.According to CCTV News, the epidemic in Australia has improved recently, but there are still no regulations on the lifting of bars in the government's gradual unsealing measures. According to a report by the Australian Broadcasting Corporation on the 16th local time, due to the expiration of the drinking period, millions of liters of high-quality bottled beer have been poured into the sewer, and Australian brewers have suffered heavy losses. (Beijing News)
Survey: South Africa's central bank is expected to cut interest rates by another 50 basis points in May. GDP may shrink by 6.5 this year.South Africa's central bank is expected to cut interest rates by 50 percent on May 21, according to a Reuters survey.BPS to 3.75%A record low to ease the pain of South Africa's recession, the season showed signs of a deep slump due to limited economic activity. (Caihua News Agency)
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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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