Trade Risk Alert
Release time:
2021-06-10 10:47
Source:
Since the beginning of this year, shipping prices have continued to rise, with the Baltic Dry Bulk Index rising by 107 per cent, and a number of domestic shipping companies have recently announced increases in freight rates. Due to the severe shortage of empty containers and the increase in demand on Asia-Europe and trans-Pacific routes, the price of sea transportation has tripled in two months, and the cost of imports and exports has also risen. To investigate the reason, Xiao Xu, director of the Capital Enterprise Reform and Development Research Association, said that the rise in shipping costs is the result of multiple factors, including the soaring demand for goods caused by fiscal and monetary policy stimulus, the saturation of ports, and the failure of ships, dock workers and freight drivers to expand in time. Over the past few years, these problems have gradually accumulated, pushing up shipping prices. Due to the large number of areas involved, it is difficult to resolve them one by one in the short term. The outbreak of neo-coronary pneumonia and the Suez Canal incident in March this year have added to the problem.
"Container prices remain high, mainly due to the current imbalance between supply and demand in the global container freight market." Zhou Maohua, an analyst at the Financial Markets Department of Everbright Bank, said that on the one hand, the gradual roll-out of vaccination in major countries and large-scale expansion of domestic demand support policies have promoted the recovery of global economic activities, coupled with the rise of global online consumption and the rapid development of cross-border e-commerce, the demand for international freight has increased. On the other hand, epidemic prevention and blockade measures taken in some overseas regions have led to the interruption of container production, and some ports are facing shutdowns, rising commodity prices and large-scale hoarding triggered by industry concerns about global supply chain disruptions have also exacerbated international shipping tensions, with international shipping costs rising. (Weihai Business Public Number)
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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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