August 19 Trade Risk Alert
Release time:
2020-08-20 08:26
Source:
The trade dispute between Europe and the United States is deadlocked.The U.S. government recently announced that it will continue to impose a 15% tariff on large civil aircraft of European aircraft manufacturer Airbus, while maintaining a 25% tariff on more than 100 other EU products. This decision has aroused the dissatisfaction of the EU and its member states. Some analysts believe that this move may lead to countermeasures from the European Union, and the European and American trade disputes are difficult to resolve in the short term. (People's Network)
Boeing will continue to lay off employees in a voluntary departure.Boeing intends to continue to lay off employees, exceeding the 10% target set in the previous layoff plan. Reuters reports Boeing CEO Duff·Calhoun notified employees on the 17th of this.“Voluntary separation”It is planned that the reduction will include personnel in the commercial aircraft sector and the service sector. (People's Network)
20U.S. stocks will be traded in Russia.The Moscow Stock Exchange announced on August 17 local time that 19 US stocks, including Microsoft, Amazon, McDonald's, ExxonMobil and Boeing, will be listed and traded in Russia from August 24. Apple's shares will be traded on September 7. (City Finance News)
Chile's economy fell 14.1 percent in the second quarter, its worst record since 1986.On August 18, local time, according to data released by the Central Bank of Chile, the country's GDP in the second quarter of this year fell 14.1 percent from the same period last year and 13.2 percent from the previous quarter. (CCTV News)
France's single-day new confirmed cases exceeded 3000 for two consecutive days.According to the data reported by the French Ministry of Health, as of 16 local time, the total number of confirmed cases of new coronary pneumonia in France rose to 218536, with 3015 new confirmed cases in a single day, exceeding 3000 cases for two consecutive days. The data also shows that the number of confirmed cases in the 15-44 age group in France has increased the most, with 58% of asymptomatic infections aged 15 to 44. (People's Network)
Japan's core machinery orders fell sharply in the second quarter.Xinhua News Agency, Tokyo, August 19 (Reporter Liu Chunyan) A report released by the Cabinet Office of Japan on the 19th showed that in the second quarter, Japan's core machinery orders excluding ships and electricity fell 12.9 percent from the previous quarter after seasonal adjustments. Data show that core machinery orders in the second quarter were 2.22 trillion yen (1 U.S. dollar equals 105 yen), of which manufacturing orders fell 16.6 percent to 0.91 trillion yen from the previous quarter, and non-manufacturing orders fell 9.7 percent to 1.31 trillion yen from the previous quarter. (People's Network)
Seoul church epidemic spreads to all of KoreaThe capital circle epidemic prevention upgrade.People's Daily Online According to Yonhap News Agency, Seoul“Love first.”The church cluster infection continued to ferment, and the epidemic spread from the metropolitan area to most parts of the country. In order to curb the deterioration of the epidemic, the South Korea government to step up epidemic prevention efforts, comprehensively upgrade the city of Seoul and Gyeonggi Province to maintain social distance measures level, also belongs to the capital circle of Incheon City today to apply the same level of measures, but whether the epidemic can see an inflection point is still unknown. (Ministry of Commerce website)
Indonesia's coal exports fell to a three-year low.The energy information agency Argus recently announced that Indonesia's coal exports have continued to decline recently, and in May they have fallen to the lowest point in the past three years. According to data released by Indonesian customs, due to the continuous decline in demand, Indonesia exported a total of 29.4 million tons of coal in May, 2.2 million tons less than in April and 11.7 million tons less than last year. Indonesian customs data show that in the first five months of this year, Indonesia's average monthly coal exports have reached 35.2 million tons. At the same time, although the current outlook for coal market demand is still not optimistic, many Indonesian coal producers still hope to increase this year's production target, which makes the country's coal wholesale price has been facing downward pressure. (China Energy News)
The Ministry of Commerce launched an anti-dumping investigation into Australian wine.8On July 18, the Ministry of Commerce announced that it had received an anti-dumping investigation application formally submitted by the China Wine Association on behalf of the domestic wine industry on July 6, 2020. The China Wine Association requested to conduct an anti-dumping investigation on imported wines originating in Australia filled with containers of 2 liters or less. The Ministry of Commerce decided to initiate an anti-dumping investigation on imported wines originating in Australia from August 18. The announcement shows that the dumping investigation period of this investigation is from January 1, 2019 to December 31, 2019, and the investigation period of industrial injury is from January 1, 2015 to December 31, 2019. In principle, the investigation period is in 2021. It ends before August 18, and can be extended to February 18, 2022 under special circumstances. (Ministry of Commerce website)
Interactive Message
If you are interested in our products, please leave your email and we will contact you as soon as possible. Thank you very much.
Other dynamics
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.
Address: Zhuqiao Town, Laizhou City, Shandong Province
Mobile phone official website