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April 22 Trade Risk Alert

Release time:

2020-04-22 14:23

Source:

Oil prices plunged again, with the Dow dropping 1200 points in two days.Following the epic plunge in crude oil futures on April 20, crude oil futures prices could not escape the "curse" of the plunge on April 21 ". U.S. WTI June crude oil futures closed down more than 43% to close at $11.57 a barrel, falling about 70% to $6.5 a barrel, a record low. The plunge in oil prices weighed on market confidence, and U.S. stocks opened lower. The three major stock indexes closed down on Tuesday. The Dow fell 630 points, or 2.67 percent, the Nasdaq fell 3.48 percent and the S & P 500 fell 3.07 percent. The Dow has fallen more than 1200 points in two trading days. (Daily economic news client)

The United States announced a 30-day extension of "non-essential travel" restrictions on its borders with Canada and Mexico.On April 20, the U.S. Department of Homeland Security announced a 30-day extension of "non-essential travel" restrictions on the U.S. border with Canada and Mexico in response to the new crown outbreak. The U.S. government introduced a number of travel restrictions in March as the neo-crown epidemic spread around the world. In addition to restricting "non-essential travel" at the border with Mexico and Canada, the United States also imposed travel restrictions on the 26 member states of the European Schengen area, as well as the United Kingdom and Ireland. In addition, the U.S. State Department's travel advisory remains at its highest level, Level 4, calling on U.S. citizens to avoid all international travel. (Xinhua)

First "down" during the epidemic, Argentina is on the verge of defaulting on its ninth debt. The IMF recently released a new issue of the World Economic Outlook report predicts that, at the expense of economic development of the "shock" to fight the new crown epidemic policy, Argentina's employment, exports, debt and a series of problems have gradually become prominent, economic development prospects are worrying, the Argentine economy will shrink by 5.7 in 2020, is about to usher in the ninth sovereign debt default. (surging news)

The European economy "frozen" recovery uncertainty is high.Xinhua News Agency, Frankfurt, April 20, by the new crown epidemic continued to impact, the European economy supply and demand at both ends of the "quick freeze", the job market deteriorated, uncertainty rose. According to the latest forecast of the International Monetary Fund (IMF), the European economy will shrink sharply this year, of which the euro zone's gross domestic product (GDP) will shrink by 7.5. Analysts believe that Europe is still in the "eye of the storm" of the new coronavirus pandemic, the extent and duration of its economic recession depends on the progress of epidemic control and the progress of the resumption of production, the European economy is expected to start to pick up as early as the second half of this year, but the recovery process is accompanied by a high degree of uncertainty. (Xinhua News Agency)

Indonesia's foreign debt growth slowed. Indonesia's total foreign debt reached 410.8 billion billion US dollars in January, an increase of 7.5 percent over the same period last year, but slowed down from the 7.7 percent month-on-month growth rate the previous month, according to data released by Indonesia's central bank on the 16th. Foreign debt in January was $207.8 billion for the public sector and $203 billion for the private sector. At the same time, as of the end of January, the Indonesian government's foreign debt, including the central bank's foreign debt, reached 207.8 billion billion US dollars. The government's external debt is mainly for health care and social services (23.5 per cent), education (16.3 per cent) and construction (16.2 per cent). (Economic and Commercial Section, Embassy of the Republic of Indonesia)

The government issued a list of suspended imports.In order to reduce the pressure on foreign exchange reserves and prevent the rupee from depreciating too fast, the government issued a list of suspended imports, the daily finance reported on the 20th. Prime Minister Mahinda Rajapaksa, in his capacity as Minister of Finance, Economy and Policy Development, issued an expanded list of goods in the announcement, including a list of goods temporarily suspended from imports and a list of goods with bank letters of credit valid for three months or until July 15. The suspended import list includes a variety of food commodities such as fish, rice, cereals, coconut products, chocolate, beer, pasta, cassava, bread, mineral water, wine and other alcohol, marble, granite, paint, all kinds of iron and plastic, sanitary ware and wood, and essential oils, beauty products, tableware and all kinds of clothing needed by the construction industry. If the list contains an important commodity required by the exporter, the exporter may make a request to the Minister of Finance for the import of the product. (Economic and Commercial Section, Embassy of the Democratic Socialist Republic of Sri Lanka)

Australia's second-largest airline has declared bankruptcy to manage the global aviation industry as "miserable".On the evening of April 20, local time, Virgin Australia, Australia's second largest airline, announced that it was in administration. Most of the airline's planes have been grounded, and about 8000 of its more than 10,000 employees have been suspended from their jobs, and are now in debt of A $5 billion million, unable to survive the crisis and entering a receivership. The neo-coronary pneumonia epidemic has hit the global air transport industry hard, putting a large number of airlines in operational difficulties. The latest report of the International Air Transport Association (IATA) forecasts that global flight volume will fall by nearly 80% in early April due to the new coronary pneumonia epidemic, the global aviation industry will lose $314 billion billion in revenue, and total passenger revenue will be 55% lower in 2020 than in 2019. (China News Network)

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Warmly congratulate Laizhou Sanli Auto Parts Co., Ltd. on the official launch of the new version of the official website!

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.

Trade risk tips:

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.

Trade Risk Alert

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.

Trade risk tips:

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.

Trade Risk Alert

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.

Trade Risk Alert

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.

Brake disc

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.

Tel:+86-535-3455896

E-mail: jiataowu@sanliauto.com

Address: Zhuqiao Town, Laizhou City, Shandong Province

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