May 25 Trade Risk Alert
Release time:
2020-05-25 17:23
Source:
Large U.S. car rental companies with hundreds of billions of dollars in debt filed for bankruptcy protection.On May 22, according to U.S. media reports, due to the impact of the epidemic triggered travel restrictions and the global economic downturn and other factors, the large U.S. car rental company Hertz announced a filing for bankruptcy protection due to the failure to reach an agreement with creditors. It is understood that Hertz was established in Chicago in 1918 and has about 8500 business outlets in 146 countries and regions around the world. The company currently has about $19 billion, or about 135.4 billion yuan, in debt and defaulted on a debt last month. (CCTV Finance)
Canadian suppliers say the North American auto industry may have repeated shutdowns.North American auto production was suspended for nearly two months because of the impact of the new crown epidemic and slowly resumed this month. However, due to supply chain issues, new health processes, and sluggish demand for new cars, capacity will be much lower after the resumption of work than it was before the epidemic. As a result, some Canadian suppliers have warned that production jobs could be "on and off" in the coming weeks as capacity slowly increases ". (Automotive Network)
Foreign tourists dropped 98.2 percent year-on-year in April South Korea to less than 3Ten thousand people.According to reports, according to data released by the South Korea Tourism Commune (Tourism Development Bureau) on the 22nd, the number of foreign tourists received by the country in April dropped by 98.2 year-on-year to 29415. (Interface News)
70Billions of locusts hit Africa worst in years World Bank emergency funding 3.5 billion.Since last year, Africa has been affected by a plague of desert locusts, which is considered to be the worst in 70 years. Now that the first wave of locusts has passed and the second wave is developing, the World Bank has urgently provided $0.5 billion in donations and low-interest loans to help African countries fight the disaster. World Bank official Holger Kray said that four countries in the Horn of Africa, Djibouti, Ethiopia, Kenya and Uganda, will receive $0.16 billion immediately, while other countries such as Yemen and Somalia will provide funds as needed. According to previous data, the second wave of outbreaks will start in April, and the locust infestation may continue until late August. The scale of this wave is about 20 times that of the previous one. (Fast Tech)
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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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