May 21 Trade Risk Alert
Release time:
2020-05-21 14:50
Source:
Data showed the Canadian economy went into deflation in April.The consumer price index (CPI) fell 0.2 per cent in April from a year earlier and 0.9 per cent month-on-month, according to a report released by Statistics Canada on the 20th local time. This is the first year-on-year decline in this index since September 2009. According to the Canadian Broadcasting Corporation (CBC), this indicates that the Canadian economy is moving from inflation to deflation. (CCTV News)
Estonia's industrial producer price index fell 4.4 percent in April from a year earlier.According to the Estonian Bureau of Statistics, in April 2020, the Estonian industrial producer price index fell by 0.3 month-on-month., down 4.4 percent year-on-year. (Ministry of Commerce website)
Lithuania's unemployment rate slows.According to data from the Lithuanian Employment Service, as of May 18, the number of registered unemployed in Lithuania was 19.95.Ten thousand, accounting for 11.6 of Lithuania's working-age population%. Between 11 and 17 May, 2600 vacancies were registered, down 11.1 per cent from the previous week, with a total of 20100 vacancies registered during the quarantine period. (Ministry of Commerce website)
Slovakia registered 6.57 percent unemployment in April.According to the Slovak Centre for Labor, Social Affairs and Family, the registered unemployment rate in Slovakia was 6.57 per cent in April 2020., an increase of 1.38 percentYear-on-year growth of 1.67 percent. In terms of the regional situation, the unemployment rate in April was above the average in order of Preshov (10.37 per cent), Banska.•Bistrica (8.71%), Košice (8.96 per cent). (Ministry of Commerce website)
Affected by the outbreak, Japan's core machinery orders fell in March.People's Daily, Tokyo, May 20 (Li Muhang) According to NHK TV, according to a statistical report from the Cabinet Office of Japan, orders for core machinery in March 2020 fell 0.4 percent from February, with negative growth again after three months. Experts predict that the core machinery orders in the second quarter (April to June) will drop by 0.9 compared with the first quarter (January to March). If the new coronary pneumonia epidemic continues for a long time, it is feared that it will not be able to curb the downward trend and have a greater impact on corporate equipment investment. (People's Network)
New Zealand's official cash rate is expected to remain unchanged for the year or enter negative territory in March next year.New Zealand Federal Reserve Chairman Alnday said that the New Zealand Federal Reserve does not want to implement negative interest rates at present, but reiterated that negative interest rates are still one of the options of the New Zealand Federal Reserve, is ready to implement negative interest rates, will be "later". Given that the New Zealand government set out a stronger-than-expected fiscal spending plan in last week's budget, the New Zealand Federal Reserve believes that there is no need to adjust monetary stimulus at this time. (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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