August 20 Trade Risk Alert
Release time:
2020-08-20 17:45
Source:
Finland restricts entry to most EU countries.The Finnish government updated its entry restrictions on the 19th, removing most European Union countries.“Green Travel List”A small number of EU travellers are allowed to enter Finland without restrictions. The new rules came into effect on the 24th. (People's Network)
Iran's exports to Afghanistan are expected to decline.Iran's "Financial Tribune" reported on August 16. Hussein Salimi, chairman of the Iranian-Afghan Chamber of Commerce, said that due to the new coronavirus outbreak, Iran's current fiscal year (2020March to March 2021) exports to Afghanistan will decrease to $2.9 billion, compared with $3.2 billion in the previous Iraqi calendar year. He said that Iran's exports can meet 40% of Afghanistan's import needs, including building materials, food and fuel, and intends to increase the income of Afghans and increase their purchasing power by investing in Afghanistan's mining sector. (Ministry of Commerce website)
The outbreak has cost the Iraqi exhibition industry more than 3 trillion rials.Iran's Financial Tribune reported on August 17 that Bachmann, chief executive of Iran's International Exhibition Company, said the outbreak has caused the Iranian exhibition industry to suffer losses of about 3.1 trillion riyals ($14 million). Many people in the industry have lost their jobs due to the cancellation of most national and international exhibitions. The Iraqi exhibition industry provides about 3300 direct employment opportunities, and about 450 companies are active in booth layout and exhibition equipment provision. About one job can be created for every 4.5 to 5 square meters of exhibition area, all of which are now at risk. (Ministry of Commerce website)
Low oil prices make South Korea central energy enterprises mixed.Yonhap News Agency reported on August 16 that in the case of continued low oil prices, in the first half of the year, South Korea Electric Power Company reduced its losses significantly, while South Korea Gas Company and South Korea Oil Company's profitability declined significantly. (Ministry of Commerce website)
Thailand's food exports shrank 2 percent in the first half of the year.The head of the Thai Food Institute revealed that, affected by the epidemic control and blockade measures, in the first half of this year, Thailand's total food exports were 505.5 billion baht, down 2% year-on-year. Among them, the export value of processed food products was 238.8 billion Thai baht, a small increase of 0.1 percent year-on-year; the export value of agricultural products in the raw material category was 266.7 billion Thai baht, an increase of 3.7 percent year-on-year. (Ministry of Commerce website)
The outbreak may cause 680000 youth unemployment in Thailand.According to the International Labor Organization (ILO) and the Asian Development Bank (ADB), 1000-15 million of the 13 countries in the Asia-Pacific region will be unemployed in the 15-24 age group by 2020 as a result of the epidemic. According to preliminary forecasts, if Thailand can control the epidemic within three months, the number of youth unemployed will be 683000. The ILO and ADB said that the epidemic period will affect the transition of young people to the labor market, and the government needs to work with young people to find employment channels to deal with social difficulties. (Ministry of Commerce website)
Westpac: The New Zealand Fed may implement negative interest rates next year to put pressure on the New Zealand dollar.Westpac expects the New Zealand Fed to implement negative interest rates and bank lending in 2021, and aggressive monetary policy will curb the appreciation of the New Zealand dollar. New Zealand inflation will fall and the New Zealand Fed will need to take radical action to meet its target, which is expected to fall to 0.2 per cent in 2021 and remain below 1 per cent until mid -2022. The New Zealand Federal Reserve predicts that in order to return the inflation rate to 2% and achieve full employment, it needs to implement monetary stimulus equivalent to a cash interest rate of-2% in the next two years. It plans to set a real cash interest rate of 0.25 and purchase bonds worth about NZ $1 billion per week through a large-scale asset purchase (LSAP) program to achieve a cash interest rate equivalent to-2%. (Xinhua Finance)
Qantas lost nearly A $2 billion in the 2020 fiscal year affected by the outbreak.Local time 20, Australia's largest airline Qantas (Qantas) announced fiscal year 2020, due to the new coronary pneumonia epidemic hit, the company lost 1.96 billion Australian dollars (about 9.853 billion yuan), while the last fiscal year Qantas achieved a profit of 0.84 billion Australian dollars (about 4.217 billion yuan). Qantas CEO Alan Joyce said that this is the biggest dilemma Qantas has experienced in its 100 years of existence. (International Online)
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