August 21 Trade Risk Alert
Release time:
2020-08-24 17:28
Source:
The number of initial jobless claims in the United States last week was 1.106 million, and the labor market is risky.8On March 20, the U.S. Labor Department released data on the number of first-time jobless claims last week. Data show that as of the week of August 15, the number of people applying for unemployment benefits for the first time in the United States exceeded one million, with 1.106 million people, the former value of 963000 people, and the predicted value of 920000 people. (surging news)
Brazil's central bank data show that Brazil's GDP fell 11% in the second quarter.Brazil's central bank's latest economic performance index (IBC-Br), an official barometer of data, showed that Brazil's GDP fell 11 per cent month-on-month in the second quarter, lower than the 9.3 per cent previously forecast by the Ministry of Economy and the biggest drop since records began in 2003. In a single month, affected by the epidemic, March and April this year fell the most, down 6.1 percent and 9.6 percent, respectively, in May and June began to resume growth, up 1.6 percent and 4.9 percent, respectively, indicating that as the country gradually resumed production, the Brazilian economy began to slowly recover. It is reported that the Brazilian Bureau of Statistics will officially release the GDP data for the second quarter on September 1. If nothing happens, the Brazilian economy will fall for two consecutive quarters, resulting in a technical recession. (Ministry of Commerce website)
41% of respondents believe that Brazil's economic situation will worsen in the coming months.Brazil's "Globe" reported that the latest Datafolha poll showed that 41% of the respondents believe that Brazil's economic situation will deteriorate in the next few months, 29% believe that it will remain unchanged, and another 29% believe that it will improve. (Ministry of Commerce website)
Greece has a record number of new confirmed cases in a single day.According to the European Network quoted by the European Union News Agency, the Greek Ministry of Health statistics on the evening of August 18 show that Greece on the same day 269 new cases of new coronary pneumonia confirmed patients, a total of 7472 cases confirmed. This is the largest number of infections in a single day since the outbreak in Greece. (bright net)
Swissair lost 0.266 billion francs in the first half.Comprehensive Swiss media reported on August 6, Swiss Airlines released the 2020 semi-annual report, the first half of the turnover fell 55%, only 11.7 Swiss francs, operating profit loss of 0.2664 billion Swiss francs. The number of passengers transported fell 64 per cent year-on-year to 3.2 million, with an average cabin occupancy rate of 71.2 per cent, down 10.8 per cent from the same period last year. The general manager of Swiss Airlines said that the current business situation has not improved. After the ban was lifted, the company lost nearly 1 million Swiss francs every day. The company is still in a state of loss, and it will take time to recover the profitability of the route. Its parent company, Lufthansa Group, posted a net loss of € 3.6 billion in the first half. (Ministry of Commerce website)
Iceland to strengthen the supervision of the mask market.According to a report in Reykjavik Grapevine on August 19, due to the recent rebound in the Icelandic epidemic, the Icelandic market has seen an unprecedented demand for masks. Three institutions in Iceland are keeping a close eye on the mask market in Iceland. The Consumer Council said it absolutely does not want consumers to wear inferior masks that do not meet safety requirements. (Ministry of Commerce website)
Japan's economy suffered its biggest drop in 65 years.According to the data, Japan's GDP shrank 7.8 per cent in the second quarter from the previous quarter and 27.8 per cent on an annualised basis, the worst performance since records began in 1955. With this nearly 30% economic decline, many people believe that Japan's economic glory no longer exists. (Medium Oil Network)
Bangladesh's export revenue from trade in services fell by 5.56 per cent in the last fiscal year.According to Bangladesh's "Daily Sun" report on August 18, data from the Bangladesh Export Promotion Bureau showed that due to the global novel coronavirus epidemic, in the 2019-2020 fiscal year, Bangladesh's service trade export revenue was 6.13 billion billion U.S. dollars, a year-on-year decrease of 5.56 percent. Below the target of 27.86 percent set by the Bangladeshi government. Bangladesh's service trade exports mainly include ocean transportation, air and railway transportation, tourism, insurance services, telecommunications and information services. (Ministry of Commerce website)
From August 1 to 20, South Korea, exports decreased by 7%.Yonhap News Agency reported on August 21 that according to the Customs Office on the 21st, from the 1st to the 20th of this month, the temporary export volume subject to customs clearance was US $23.1 billion, a year-on-year decrease of 7.0 percent (US $1.74 billion). During this period, the number of working days was 14 days, a decrease of 0.5 days compared with the same period last year. Since the beginning of this year, the impact of the epidemic, March-July, exports for the fifth consecutive month of year-on-year decline. Imports were $23.3 billion, a decrease of 12.8 percent ($3.44 billion). On the 1st and 20th of this month, there was a deficit of $0.29 billion in the trade balance. (Ministry of Commerce website)
Myanmar updates list of prohibited items for export.The Myanmar Times reported on August 19 that in accordance with Myanmar's import and export regulations, the Myanmar Ministry of Commerce announced the latest list of prohibited items on August 17. Diamonds, crude oil, ivory, elephants, horses, rare animals, weapons and ammunition, and cultural relics and antiques are listed as prohibited items for export. Myanmar's Minister of Commerce, Dan Min, said the list also included other items that are prohibited from export under current laws. (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.
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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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