June 15 Trade Risk Alert
Release time:
2020-06-15 17:50
Source:
Most members of the European Parliament support the strengthening of EU trade enforcement regulations.Recently, a meeting of the International Trade Committee of the European Parliament discussed the issue of strengthening EU trade enforcement regulations. Most party members support the addition of retaliatory rights in the field of services and intellectual property protection on the basis of the European Commission's draft. At the same time, under special circumstances, it is suggested that the European Commission can directly implement retaliatory measures without waiting for the first instance ruling of the WTO expert group. The Chairman of the International Trade Commission, Mr. Lange, also expressed his support for the EC motion and the amendments proposed by the members. (Ministry of Commerce website)
EU lifted export controls on medical supplies.The European Commission recently announced the lifting of export controls on medical supplies. Previously, due to the European Union's deep epidemic "epicenter", the shortage of medical supplies, the European Union temporarily introduced relevant measures to restrict the export of medical supplies, that is, medical supplies manufacturers to export products outside the European Union, need to apply to their own government for export permits. (Ministry of Commerce website)
The German federal government invested 1 billion euros to restart the cultural industry.The German federal government announced the "Restart Culture" plan, which will invest a total of 1 billion million euros to support the restoration and reconstruction of German cultural and creative industries. Affected by the new crown epidemic, museums, physical cinemas, live music performance institutions have been closed, music, film, art industry has been deeply affected. The research report shows that the cultural and creative industry will face 217 in 2020.losses of between € 39.8 billion million and € 100 million. (surging news)
French President Emmanuel Macron has offered 8 billion euros in aid to carmakers on the condition of "made in France.Macron recently announced a 8 billion-euro auto industry aid package, including increasing subsidies for electric car purchases and encouraging manufacturers to move factories back to France. Macron wants to increase production of electric and hybrid vehicles to more than 100 per year over the next five years.This makes France the largest producer of clean vehicles in Europe. France will provide more than 8 billion euros in aid to the auto industry. The automakers will have to commit to moving production back to France and consolidating and maintaining all production at the French plant. (Ministry of Commerce website)
South Korea May ICT exports down 2.6 percent year-on-year. Yonhap News Agency, Seoul, June 14, according to the Ministry of Science and Technology Information and Communications of South Korea 14According to preliminary verification data released on May 1, exports in the information and communication technology (ICT) sector were 13.93 billion billion US dollars, down 2.6 per cent from the same period last year. Imports were 8.92 billion US dollars, down 7.8 per cent from the same period last year, achieving a surplus of 5.01 billion US dollars. (Yonhap)
Japan's LNG in stock prices hit a new low in May.According to European oil June 9 news, Japan imports LNGin stock prices hit their lowest point in May. In its latest monthly report, the Department of Energy noted that contract-based in stock LNG prices reached $2.2 per million btu in May. Due to the ongoing impact of the novel coronavirus pandemic on commodity demand,Gold priceFrom the previous month's $2.4/million British fever fell. (China Petrochemical News Network)
Japan's economy will shrink by 6.1 percent in 2020.According to the World Bank's latest Global Economic Outlook report, Japan's economy is expected to shrink by 6.1 in 2020. Affected by the increase in consumption tax and the slowdown of the world economy, Japan's economy has reached an annual rate of 7.1 in the fourth quarter of last yearThe decline. In the first quarter of this year, Japan's real GDP fell at an annual rate of 3.4 per cent. (People's Daily)
U.S. electricity demand is at its lowest level since 2009.Recently,American EnergyInformation ManagementBureau (EIA) issued a report saying that due to the large coronavirusPopularAnd its impact, the summer electricity demand level in the United States from June to August is expected to be 998 billion kilowatt-hours, down 5% from last summer's demand, and will be the lowest level since 2009. EIA said it expects residential electricity use to grow 3 percent compared to 2019 demand, whileCommercialelectricity consumption will drop by 12 percent,IndustryElectricity consumption will fall by 9%. (Oriental Wealth Network)
Starbucks plans to close 200 stores in Canada in two years.According to the Canadian Broadcasting Corporation, the U.S. coffee shop chain Starbucks said in a statement on the 10th that it plans to close 200 stores in Canada within two years after the end of the new coronary pneumonia epidemic. At present, Starbucks has about 1400 stores in Canada, which means that 15% of the stores will be closed in the next two years, but not all stores will be completely closed. Some stores will open online ordering and store withdrawal services. The company expects this buying model to continue to grow in order to better serve customers anytime, anywhere. (Overseas Network)
Brazil's iron ore exports fell 28% year-on-year in May.From January to May, Brazil's iron ore exports totaled 0.115 billion tons, down 13.4 percent from a year earlier. Among them, 75.36 million tons of iron ore were exported to China, 8.89 million tons to Malaysia, 5 million tons to Japan and 4.32 million tons to the Netherlands. Among them, in May, BrazilExportIron ore 21.46 million tons, down 28% from the same period last year. (China Coal Resources 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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