May 19 Trade Risk Alert
Release time:
2020-05-19 13:52
Source:
More than 30 percent of small businesses in the U.S. are out of business due to the epidemic and 11 percent won't survive for three months.May 19, accordingFacebookAccording to the survey of small business roundtable meetings, 1/3 of the small businesses in the United States have been closed due to the epidemic, and 11% are expected to close in the next three months if the epidemic continues. (Sina Finance)
OPEC lowered its oil demand forecast.OPEC further lowered its global oil demand forecast against the backdrop of the new coronary pneumonia epidemic, Itas reported on May 13. The organization 5According to the monthly report, global oil demand is expected to fall by 9.07 million barrels per day in 2020, 2.23 million barrels higher than the previous forecast. Of this total, oil demand from developed countries fell by 5.2 million barrels per day (1.2 million barrels more than the previous forecast); oil demand from non-OECD countries fell by 3.9 million barrels per day (1 million barrels more than the previous forecast). Global oil demand is expected to be 91.1 million barrels per day in 2020. OPEC said that the decline in demand from the world's large oil consumers will be apparent in the second quarter of 2020. The decline in demand in 2020 can be mitigated by easing anti-epidemic restrictions more quickly and stimulating economic growth. (Ministry of Commerce website)
The Ministry of Commerce imposed a 73.6 percent anti-dumping duty on imported barley from Australia on the 19th.5On March 18, the website of the Ministry of Commerce released the 14th of 2020.No.Announcement: About those originating in AustraliaImportsBarleydumpingThe announcement of the final ruling of the investigation. According to 《anti-dumpingRegulationsArticle 38 stipulates that the Ministry of Commerce shall submit to the State CouncilTariffCommitteeProposed expropriationAnti-dumping dutiesThe Tariff Commission of the State Council, based on the recommendation of the Ministry of Commerce, made a decision from May 19, 2020.Anti-dumping duties will be imposed on imported barley originating in Australia. (Securities Times Network)
The outbreak has forced the airline industry to "sleep": media say Emirates plans to cut about 30000 jobs.5On January 18, according to Bloomberg News, Emirates Airlines Group is considering layoffs of about 30000 people, accounting for 3Approximately 30 per cent of the total number of 105000 employees at the end of the month. This is the worst layoff to date in the global airline industry, which is currently being forced into a near-dormant state by the COVID-19 pandemic. (surging news)
Philippines Ayala group first quarter profit down 17 percent:According to the Philippine Business Mirror(Business Mirror) reported on May 14 that the group's turnover fell to 617 in the first quarter of this year due to the general impact of the new crown epidemic on the core business of the Philippine business giant Ayala Group.100 million pesos, down 11%, and profits were 6.7 billion pesos, down 17% year-on-year. The businesses of the group's Philippine Island Bank and Ayala Real Estate Company were most affected by the Philippine community isolation policy. In addition, AC Industrial Company had a net loss of 0.56 billion pesos in the first quarter, mainly due to the shutdown of its China-invested factories and the disruption of global supply chains. Profits in the Group's telecommunications and energy businesses declined slightly, while profits in the water supply business increased by 4%.
The Iraqi insurance industry has been severely affected by the outbreak:The Iranian Economic Online website reported on May 14 that the Alliance of Iranian Insurance Companies recently published a report saying that due to the impact of the epidemic on various industries, it is expected to be 2020-2021.Insurance revenue growth was only 13% in the fiscal year, compared with 32% in the previous fiscal year. By the end of this fiscal year, the debt ratio of insurance companies will rise to 62% from 49% at the end of last year. Although government restrictions on transportation over the past two months have led to a significant reduction in insurance company spending on auto insurance, the long-term negative impact of the epidemic on the transportation industry will be transmitted to insurance company revenues. In addition, people's willingness to buy life insurance has further decreased, adding to the difficulties of insurance companies.
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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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