August 3 Trade Risk Alert
Release time:
2020-08-03 16:40
Source:
The second quarter GDP of Germany and Mexico is the worst in history.Yonhap News Agency reported on July 31 that the second quarter GDP of major countries published on the 30th set the worst record in history. U.S. GDP fell 32.9 percent in the second quarter from the previous quarter (at an annual rate), the biggest decline since statistics began in 1947. Germany's GDP fell 10.1 percent in the second quarter from the previous quarter, the biggest drop since statistics were available in 1970. Mexico's GDP fell 7.3 percent in the second quarter from the previous quarter, the worst drop in history. (Yonhap)
The United Nations has again warned that the world is facing its worst food crisis in 50 years.According to a CCTV report on August 3, global food security is facing a huge test in 2020 under a combination of factors such as the new coronary pneumonia epidemic, locust plagues and extreme weather. Recently, the United Nations study issued an early warning that a total of 25 countries are at risk of severe hunger this year, and the world is on the verge of the worst food crisis in at least 50 years. (Daily Economic News)
Petrobras production fell slightly in the second quarter.Recently, Brazil's national oilManagementBureau (ANP) publishedStatisticsdata show that in the second quarter of this year,PetrobrasCompanyThe daily output of oil was 2.147 million barrels, down 3.0 percent from the previous quarter, but down from the previous year.YoYgrowth of 10.7 percent, a double-digit increase. ANP analysis says the main reason for the decline in oil production in the second quarter of this year compared to the first quarter was the large outbreak of new coronary pneumoniaPopularThe global economic downturn led to the oilDemandDecrease. The country's overall oil production has risen rapidly. (China Chemical News)
Mexico's second-quarter GDP growth fell 18.9 percent year-on-year, a record low.7On January 30, according to the latest data from Mexico's National Bureau of Statistics, Mexico's GDP growth rate in the second quarter increased by -18.9 percent year-on-year, surpassing the decline of -8.6 percent in the second quarter of 1995 and -7.7 percent in the second quarter of 2009, a record low. It is also the fifth consecutive decline in the quarterly growth rate of Mexico's economy since 2018. Among them, the growth rate of the primary industry (agriculture and animal husbandry) was -0.3, the growth rate of the secondary industry (industrial manufacturing) was -26, and the growth rate of the tertiary industry (service industry) was -15.6. (Ministry of Commerce website)
Ink crude oil production hit a new low in June.7On June 30, according to statistics from Mexico's National Petroleum Commission, Mexico produced 1.616 million barrels of crude oil per day in June this year, a year-on-year decrease of 48910 barrels, a decrease of 2.9 percent, the lowest daily crude oil production in history. In April, under the "OPEC +" agreement, Mexico promised to cut production by 100000 barrels per day. (Ministry of Commerce website)
The EU has renewed its list of countries with open external borders.The European Union updated the country list again on July 30, recommending that member states open their external borders to 11 countries, namely Australia, Canada, Georgia, Japan, Morocco, New Zealand, Rwanda, South Korea, Thailand, Tunisia and Uruguay; the attached condition to China is "confirmation of reciprocity", that is, confirmation that China also opens its borders to citizens of EU member states. (bright net)
UK 2/3 companies are fully back to work.A survey released on August 2 showed that 2/3 businesses in the UK said they had "fully returned to work" since the easing of epidemic prevention measures, up from half in June. (Xinhua)
A new crown outbreak broke out on a cruise ship in Norway.Xinhua News Agency, Oslo, August 2, the Norwegian Institute of Public Health released news on the 2nd, a Norwegian luxury cruise ship appeared in the new coronavirus cluster infection, passengers and crew of at least 40 people have tested positive for the new coronavirus. (People's Network)
Iran has banned the export of medical gases such as medical oxygen.Iran's National News Agency reported on July 30. Iranian Customs Authority Spokesperson Ruholla•Latifi said that in order to meet domestic demand, at the request of the Food and Drug Administration and the Import and Export Administration Office of the Ministry of Industry, Mining and Trade, and in accordance with the instructions of the State Anti-Epidemic Command, the Customs Export Office in7The ban on the export of medical oxygen and medical industrial gases was announced on the 29th. (Ministry of Commerce website)
Many African countries have restarted airports to resume flight operations. Government of TogoOn August 1, local time, the capital Lome International Airport was opened to resume domestic and international routes. The Government of Togo requires travellers leaving and arriving in Togo to have a negative nucleic acid test certificate.ChadInternational passenger flights were also resumed on August 1, local time. After visiting the capital N'Djamena International Airport, Chadian civil aviation and health officials told the media that the relevant epidemic prevention arrangements made by the government for re-navigation have been implemented one by one.NamibiaPresident Geingob recently announced that Namibia will be open to international tourists from August 3. International tourists are required to provide a negative nucleic acid test report within 7 days before coming to Namibia, self-isolate for 7 days in an approved facility at the first destination after entry, and travel to other regions after a second nucleic acid test and the result is negative. (CCTV news client)
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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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