June 24 Trade Risk Alert
Release time:
2020-06-24 16:52
Source:
American EnergyThe Information Agency expects U.S. shale oil production to be at a record low in July.according to reuters,American EnergyThe Information Agency (EIA) said in its monthly report recently that oil prices fell sharply in April, U.S. shale oil producers cut production in order to cut spending, and production in all shale producing areas declined. It is expected that shale oil production in the United States will decrease by about 93000 barrels per day to 7.63 million barrels per day in July, a new low in nearly two years. (People's Daily)
The U.S. Treasury Secretary says a new stimulus package is in the works, with a focus on boosting employment.United StatesFinanceSecretary Steven Mnuchin says the Trump administration is considering a new round of economic stimulus, focusing on promotingEmploymentIt is expected to be adopted as early as July. Since March, the U.S. government has launched four rounds of economic rescue plans, involving nearly 2.9 trillion.USDMany of them are aimed at employment andvulnerable groupsmeasures of relief. (Interface News)
The World Bank forecasts a 5.2 per cent decline in global GDP in 2020.On June 21, the World Bank reported that the neo-coronary pneumonia epidemic would lead to the worst recession in the global economy since 1870 and an increase in world poverty levels. The World Bank expects global GDP to fall by 5.2 per cent in 2020, more than twice as much as the 2008 financial crisis. Only 30 countries in the world have positive GDP growth, and only East Asia and the Pacific (0.5 per cent). In Latin America and the Caribbean, only Guyana grew, while Brazil fell by 8%. (Ministry of Commerce website)
Argentina's economy shrank 5.4 per cent in the first quarter from a year earlier.Argentina NationalStatisticswithCensusAccording to data released by the Institute on the 23rd, due to the new crown epidemic.Industry,CommercialandConstructionRecession, Argentina in the first quarter of 2020Gross Domestic ProductYoYShrinking by 5.4 per cent. Data show that from January to March this year, ArgentinaImportsamount andExportThe year-on-year decrease of 16 per cent and 4.7 per cent, respectively,investment in fixed assetsdown 18.3 percent year-on-year, private andpublic consumptionyear-on-year decreases of 6.6 percent and 0.7 percent, respectively. (Xinhua News Agency)
The French government has launched a policy of encouraging the pharmaceutical industry to move back.According to the French newspaper Le Monde on June 20, 80% of the raw materials for acetaminophen (paracetamol) are currently produced.From China and India, due to the safety of basic drugs, the French government has launched a policy of encouraging the pharmaceutical industry to move back. First, it has implemented a 0.12 billion euro investment bidding plan to accelerate the production of drugs needed in the treatment of patients with new coronavirus. The second is to announce the establishment of a 0.2 billion euro fund in 2020 to fund the establishment of production infrastructure for the pharmaceutical industry. Third, the government has selected six planned projects totaling 78 million euros; fourth, the government has started negotiations with Seqens, Upsa and Sanofi pharmaceutical groups, and France will be able to produce, package and sell acetaminophen again within three years. (Ministry of Commerce website)
The German parliament formally passed the amendment to the "Foreign Economic Law", and mergers and acquisitions of German companies will become more difficult.German Television 2 (ZDF) website June 18The German Federal Parliament today formally adopted the amendment to the Foreign Economic Law by a majority vote, the report said. The new law will allow the federal government to conduct a more comprehensive and in-depth review of investments in non-EU countries. Industries that need to be reviewed include critical infrastructure such as vaccine supply and power grids. (Ministry of Commerce website)
Australia is in its first recession in 29 years and tourism has been hit hard by the epidemic.Travel from March to September, cancellation, refund, compensation, rescheduling, this is the worst situation experienced by the travel industry. It is not only travel agencies that are affected, but also tourist buses.LeaseAll of a sudden no business. The Australian federal government is also having a hard time, with Australia in its first recession in 29 years under the double whammy of last year's Australian wildfires and this year's epidemic. (CCTV Network)
Sri Lanka's May exports fell YoY but increased from April.The Daily Finance reported on June 23 that 5Exports rose to $0.602 billion in April from $0.277 billion in April, but fell 37 percent from a year earlier. Compared with April, almost all export sectors performed well in May. Among them, the export value of tea (US $0.108 billion) and textile and clothing (US $0.219 billion) exceeded US $0.1 billion, while other important export industries including rubber and rubber products (US $51.19 million), coconut products (US $25 million), spices and essential oils (US $19 million) and fishery products (US $12 million) increased slightly in May compared with the previous month.
Almost all Japanese companies surveyed said the economy was in recession.People's Daily Online, Tokyo, June 23. Recently, the Asahi Shimbun News Agency reported the 100 of JapanAccording to a survey conducted by major companies, 97 companies believe that Japan's domestic economic boom is in a "recession", a surge of 12 companies compared with the survey conducted in November last year. The main reason for this was a reduction in both personal consumption and business income due to the spread of the new coronary pneumonia epidemic, which reduced business sentiment to an all-time low. (People's 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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