May 29 Trade Risk Alert
Release time:
2020-05-29 15:46
Source:
The U.S. economy fell 5% in the first quarter.On May 28, the revised data released by the United States showed that in the first quarter of this year, the U.S. gross domestic product (GDP) fell by 5% at an annual rate, 0.2 percentage points lower than the initial data, which was the largest quarterly decline since the worst period of the international financial crisis. (Xinhua News Agency)
Canada's Alberta province of oil production 1 million barrels a day.Alberta, Canada, has the world's third-largest oil reserves. On May 27, the province's energy minister told OPEC that the province has cut oil production by 1/4, that is, by about 1 million barrels per day.Goldman Sachssaid that if oil prices continue to remain low, Canada may announce further production cuts. (China Petrochemical News Network)
The outbreak hit alcohol sales or take 4 years to recover.According to an agency that tracks global alcohol sales, global alcohol sales will see a "double-digit decline" this year, due to a sharp drop in consumer demand by countries to curb the spread of the new coronavirus, restricting people's travel, closing restaurants and various on-site events. According to the International Wine and Spirits Information Corporation, global alcohol sales rose only 0.1 percent last year and are expected to decline 12 percent this year, with alcohol sales not expected to return to pre-epidemic levels until at least 2024. (Xinhua)
Oil World says global soybean crush in 2019/20 will be lower than expected.Oil World, an industry publication in Hamburg, Germany, said in its latest weekly report that the global soybean crush forecast for 2019/20 was lowered to 0.3047 billion tons, 1.9 million tons lower than the forecast a month ago and only about 1.3 percent higher than the previous year's low level. Oil World has mainly lowered its crush data for Argentina and Brazil, but also to a lesser extent for the European Union, China and some other countries. Soybean crushing profits have worsened, especially because of reduced demand for soybean oil (mainly in the biodiesel industry) and soybean meal, the report said.
The outbreak caused Thailand's car production to fall to a 30-year low in April.Vice President of the Federation of Thai Industries and the Automotive IndustrySpokesman Surapong revealed that the new coronary pneumonia epidemic has hit the Thai auto industry hard, with Thai car production at 25000 vehicles in April, down 83.55 percent from the same period last year and the lowest in nearly 30 years. The breakdown was 81.76 per cent for export and 85.35 per cent for domestic sales, mainly due to the temporary closure of automakers to stop production as a result of the spread of the epidemic. The cumulative output of automobiles in the first four months of this year totaled 478000 vehicles, a decrease of 32.78 compared with the same period last year. (World Journal)
Thailand's industrial confidence index fell to 75.9 in April.The Federation of Thai Industries revealed that domestic consumer demand has fallen sharply as a result of the spread of the new coronary pneumonia epidemic and the official implementation of lockdown measures, causing the industrial confidence index to fall to 75.9 in April 2020, its lowest point in nearly 11 years. The forecast confidence index for the next three months also fell to 88.8, down from 96 in the previous month and the lowest level since May 2008. Operators are concerned about future operating results because of increased uncertainty, the impact of the outbreak on the global and domestic economies, and the failure to predict when the outbreak will end. (World Journal)
African wood global market demand reduction.African timber traders said they had been told that Italian ports had stopped timber shipments and that there were still many containers waiting to be sent from the ports. New orders are few, but that should change with the easing of restrictions, the vendor said. However, they do not expect any significant increase in orders in the coming months. (China Wood Industry Information Network)
Saudi Arabia and other countries intend to extend record production cuts until the end of the year.The Kremlin said on Wednesday that Russian President Vladimir Putin and Crown Prince Mohammed of Saudi Arabia called for further "close coordination" in the production restriction operation ". In addition, OPEC will hold an online meeting in the second week of June to discuss output policy. Public reports show that after the production reduction agreement came into effect, some oil-producing countries increased their efforts to reduce production. Saudi Arabia announced on May 11 that it would cut crude oil production again on the basis of the production reduction agreement, and cut crude oil production by one million barrels per day from June. In addition, the Middle East oil producing countries Kuwait, the United Arab Emirates also announced that will expand the scale of crude oil production. Among them, Kuwait will cut production by an additional 80000 barrels per day on top of the original production reduction agreement, while the UAE will cut production by 100000 barrels per day. (Zhongxin Jingwei)
Information on technical trade measures.1. Italian officials investigated and dealt with 1500 non-compliant disinfectant products, and disinfection products will be banned from being sold to Italy without the approval of the Italian Ministry of Health; 2. The Danish Environmental Protection Agency requires many companies to recall illegal disinfection hand sanitizer products; 3. The latest WTO report pointed out that affected by the epidemic, many countries have issued new trade standards and regulations to promote the export of medical products and the facilitation of food trade; 4. The US Environmental Protection Agency issued an amendment bill, relax the scope of use of food contact surface disinfection products; 5. The European Union does not approve propolis extract as a basic substance for plant protection products; 6. The United States intends to approve fumonisin esterase as a pig feed additive; 7. The U.S. Environmental Protection Agency added 172 legal perfluoroalkyl and polyfluoroalkyl substances to the poison release list of chemical substances; 8. South Korea Food Labeling Frequently Asked Questions (FAQ) Platform Officially Opened; it is convenient for citizens to inquire about food labels. (Provided by Shandong Yile Testing Technology Co., Ltd.)
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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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