September 9 trade risk tips
Release time:
2020-09-09 17:26
Source:
Investment banks predict lower metallurgical coal production in the United States this year.According to S & P Global Platts, the US investment bank Benchmark issued a forecast that due to lower demand in North America and Europe, US metallurgical coal production will decline sharply this year, and this trend is likely to remain until 2021. The company also predicts that U.S. coking coal consumption will also decline this fall due to the new coronary pneumonia epidemic, and that it will be difficult to show significant signs of recovery next year. Benchmark said it expects U.S. metallurgical coal production to fall to 57.7 million tons this year from 73 million tons in 2019, while exports will be just 42 million tons, down 24 percent from 2019. (China Energy News)
The eurozone economy shrank by 11.8 in the second quarter.Compared with the same period in 2019, eurozone and EU GDP fell by 14.7 per cent and 13.9 per cent, respectively, in the second quarter of this year, the biggest decline since 1995. In the first quarter of this year, eurozone and EU GDP fell 3.7 per cent and 3.3 per cent, respectively, from a year earlier, down 3.2 per cent and 2.7 per cent. Among the EU countries, the second quarter GDP decline was the most severe in Spain, with a decline of 18.5; the smallest decline was in Finland, with a decline of 4.5. A large-scale neo-crown outbreak began in Europe in March this year, after which EU countries generally implemented stricter epidemic prevention measures. As the epidemic stabilized, EU countries began to lift some of the epidemic prevention measures from the end of May and began to resume work and production. (Xinhua)
France's economy is officially forecast to shrink by 9 percent this year, with unemployment at 9.5 percent at the end of the year.The French National Institute of Statistics and Economic Research predicted on the 8th that the French economy will shrink by 9% this year, and the unemployment rate will be 9.5 by the end of this year. The French economy is expected to rebound in the third quarter of this year, but it is difficult to maintain for a long time. French official forecasts show that France's gross domestic product (GDP) is expected to achieve a double-digit rebound in the third quarter of this year, with an increase of 17%; however, the forecast also shows that this growth momentum is difficult to maintain for a long time, and the recovery in the coming months It may slow down. In the area of employment, the institute said that more than 700000 paid jobs were lost in France in the first half of this year, and employment in most sectors is expected to resume in the second half of this year, but employment in the catering, hotel and cultural services sectors, which have been severely affected by the epidemic, is not optimistic. The forecast puts the French unemployment rate at 9.5 percent by the end of this year. (China News Network)
Fitch cut Italy's economic growth this year to negative growth of 10%.The global economic outlook report released by the international rating agency Fitch lowered Italy's 2020 economic growth forecast to-10%. Fitch had expected Italy's economy to shrink by 9.5 this year. Fitch believes that the adjustment reflects the insufficient degree of restart of economic activity in the country, taking into account the level of tax stimulus. (CCTV News)
South Korea's power trading volume fell 6.5 percent in July from a year earlier.Yonhap News Agency reported on September 8 that according to the "July Electricity Market Operation Performance" announced by the South Korea Electricity Exchange on the 8th, the electricity transaction volume in July was 43.75 billion kilowatt-hours, a year-on-year decrease of 6.5 percent. (Ministry of Commerce website)
Iran handmade carpet industry decline significantly.Iran's handmade carpet industry has declined significantly in both exports and domestic sales due to U.S. sanctions and the outbreak of the new coronary pneumonia epidemic, Iran Economic Online reported on September 7. According to the Tehran Handmade Carpet Industry Association, 90% of Iran's handmade carpets are exported to other countries. However, due to US sanctions and the epidemic, it has been extremely difficult to transport and collect foreign exchange this year, and exports have fallen sharply. This also affects the domestic market. (Ministry of Commerce website)
Southeast Asia shrinks 4.2 per cent. The epidemic is expected to cause Singapore's economy to shrink by 5.7 per cent this year."Lianhe Zaobao" reported on September 8: The coronary disease epidemic is expected to bring the Southeast Asian economy the biggest impact since the Asian financial turmoil, causing the regional economy to shrink by 4.2 this year. Singapore's economy is expected to shrink by 5.7 percent. (Ministry of Commerce website)
Malaysia's overseas tourists have lost more than 2/3 million of the unemployed.According to data released by the Malaysian tourism department on the 8th, affected by the new coronary pneumonia epidemic, the total number of tourists from Malaysia in the first half of this year was 4.253 million, less than 1/3 in the same period last year. In addition to the decrease in tourists, Malaysia's tourism revenue has also fallen sharply, from 41.6 billion ringgit (about 4.17 ringgit per dollar) in the first half of last year to 12.5 billion ringgit in the same period this year, a year-on-year decrease of more than 2/3. Malaysian Human Resources Minister Sharawanan recently stated that many companies have laid off employees due to the restrictions on movement. At present, the number of unemployed in Malaysia has exceeded one million. The minister said this included 350000 recent graduates who had not found a job, 500000 the unemployed and more than 200000 Malaysians who had worked abroad and returned home affected by the outbreak. (China News Network)
South Africa's economy shrank 51% in the second quarter.South Africa's gross domestic product (GDP) fell by as much as 51% in the second quarter as a result of the epidemic, according to data released by Statistics South Africa on 8 August. The Bureau of Statistics said that in order to prevent and control the new crown epidemic, South Africa began implementing a strict city closure policy in March, which has dealt a serious blow to the economy. Starting in May, South Africa resumed business operations in stages, but many businesses closed down and workers lost their jobs. Statistics show that South Africa's construction industry was the most affected in the second quarter, with a sharp drop of 76.6; followed by manufacturing and mining, which fell by 74.9 and 73.1 respectively. The Bureau of Statistics stated that the second quarter of this year was the most serious quarter of South Africa's economic downturn since 1990. So far, South Africa has experienced four consecutive quarters of economic decline. (Xinhua)
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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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