August 5 Trade Risk Alert
Release time:
2020-08-05 17:51
Source:
Loss of more than 0.2 billion The outbreak has hit the U.S. restaurant industry hard.The National Restaurant Association says the U.S. restaurant industry will lose $240 billion by the end of this year. The epidemic has not only hit small business owners in the restaurant industry, but also large chain brands. 200 of McDonald's 14000 stores in the United States will be permanently closed this year. According to Yelp, as of July 10, 26160 restaurants across the United States were closed due to the new crown epidemic, 60% of which were permanently closed. (Economic Reference)
U.S. oil giants suffered heavy losses in the second quarter and the industry suffered a huge deficit.Two U.S. oil giants lost more than $9 billion in the second quarter as the new crown epidemic reduced world oil demand, leaving a huge deficit in the once-booming industry, the Associated Press reported Aug. 2 in New York. According to the report, Exxon lost $1.1 billion in the second quarter, and the Irving, Texas-based oil company earned $32.6 billion, less than half of the same period last year. Chevron lost $8.27 billion in the second quarter, a sharp contrast to a profit of $4.3 billion a year ago. (Source: Reference News Network)
US GDP fell in record second quarter, recovery tough.6Since the middle of the month, there has been a second rebound in the U.S. outbreak, and some states with severe outbreaks have tightened epidemic prevention policies. The recovery in U.S. consumer consumption has slowed, and the risk of corporate debt default and bankruptcy has risen sharply. In the adjustment of monetary policy, the Fed has been caught in a dilemma, but Jian Jia believes that the impact of the Fed's every move on the market should never be underestimated. (First Financial)
The British government announced a moratorium on the implementation of the "unsealing measures".British Prime Minister Johnson said at a press conference in London on the 31st that the latest data show that the new crown epidemic in English communities has shown signs of rising for the first time since May, so it has been decided that bowling alleys, skating rinks and indoor performance venues in England will not resume operations until at least August 15, and some large-scale conference events will not be held. (People's Network)
Scientific research has warned that France is "very likely" to face a second wave of outbreaks this autumn and winter.China News Agency, Paris, August 4, France to deal with the new crown pneumonia scientific committee issued a scientific research warning on the 4th local time, pointing out that the current epidemic control to achieve the "balance" situation is "fragile", France "is likely" to face a second wave of the epidemic this autumn and winter season. (bright net)
India rewards foreign investment to strengthen mobile phone manufacturing China's smart machine cold.The Indian government said it encouraged major smartphone manufacturers and accessories manufacturers to invest and set up factories in India, but Chinese smartphone manufacturers did not appear on the list of companies applying for support, Yahoo Finance reported on August 2. India's "Economic Times" believes that whether it is the "Associated Incentive Program" or "Made in India" and "Self-reliant India" policies, it will be difficult to shake the position of Chinese smartphones in the Indian market in the short term. This is especially reflected in the market segments that sell for less than 15000 rupees (1 rupee is about 0.1 yuan). (Global Times)
2020Thailand's exports fell 7% in the first half of the year.Thailand's Trade Policy and Strategy Office of the Ministry of Commerce released Thailand's export data for June 2020, with exports falling 23.17 per cent year-on-year to $16.444 billion for the month, the third consecutive month of negative growth, while imports fell 18.05 per cent to $14.834 billion. The June trade surplus was $16.10. (Ministry of Commerce website)
Thailand's total car production fell 43.14 percent in the first half of the year.According to statistics from the Thai Industrial Institute, the number of cars offline nationwide in June 2020 was 71704, a decrease of 58.52 percent year-on-year, of which 58013 were sold, a decrease of 32.60 percent year-on-year, and 50049 were exported, a decrease of 48.71 percent year-on-year. In the first six months of 2020, total national vehicle production was 606132, down 43.14 percent year-on-year. (Ministry of Commerce website)
Pakistan inflation rises to 9.3 percent in July.Pakistan's "Forum Express" reported on August 4 that Pakistan's inflation rate rose to 9.3 per cent in July, the biggest increase in recent months, due to soaring prices of food and petroleum products, driving up overall prices. Among them, gasoline prices rose 27 per cent, wheat prices rose 28.5 per cent, sugar prices rose 17 per cent, tomato prices rose 100 per cent and water, electricity and gas prices rose 4.2 per cent. Food inflation increased from 12.9 per cent to 15.1 per cent in urban areas and from 15.2 per cent to 17.8 per cent in rural areas. (Ministry of Commerce website)
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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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