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April 27 Trade Risk Alert

Release time:

2020-04-27 09:41

Source:

World Steel Association: Global steel production fell 6% year-on-year in March.The World Steel Association recently released a report saying that in March this year, the world produced 0.14705 billion tons of steel, a decrease of 6% compared with the same period last year. According to the report, in March this year, Asian countries produced 0.1057 billion tons of steel, a year-on-year decrease of 4.1 percent; EU countries produced 12.03 million tons of steel, a year-on-year decrease of 20.4 percent; North American countries produced 9.66 million tons of steel, a year-on-year decrease of 9.4 percent; CIS countries produced 8.26 million tons of steel, a year-on-year decrease of 6.2 percent; Russia produced 5.85 million tons of steel, a year-on-on-on-year decrease of 4.4 percent; other European countries (Bosnia and Herzegovina, North Macedonia, Norway, Serbia and Turkey) produced 3.39 million tons of steel, up 1.9 percent year-on-year; South American countries produced 3.3 million tons of steel, down 9.4 percent year-on-year; Middle Eastern countries produced 3.35 million tons of steel, up 9.7 percent year-on-year; African countries produced nearly 1 million tons of steel, down 22.4 percent year-on-year; and Oceania countries produced 413000 tons of steel, down 12.9 percent year. The report pointed out that according to this report, the world's communist steel was 0.44303 billion tons in the first quarter of this year, a year-on-year decrease of 1.4. Among them, Russia produced 17.9 million tons of steel, a year-on-year decrease of 1%; China produced 0.23445 billion tons of steel, a year-on-year increase of 1.2. (Reference message network)

US tire shipments will drop by 17.8 per cent this year.US media reported on April 24 that US tire shipments may fall to the lowest level in decades. The latest forecast of the American Tire Manufacturers Association (USTMA) shows a sharp double-digit decline in almost all categories of tire shipments in the United States in 2020, but the replacement tire market is slightly better than the original tire market. USTMA said U.S. tire shipments could fall to 0.2736 billion tires in 2020, down 17.8 percent from 0.3327 billion tires in 2019. Among them, the original tire shipments are expected to decline by 24.5; replacement tire shipments are expected to decline by 16.3, heavy-duty tire shipments may be the best, is expected to decline by only 7.3. (China Rubber Magazine)

The main Romanian government will raise the income tax.Romania-Insider, April 24-The Romanian government will have to make unpopular decisions to bring the budget deficit under control, according to a report jointly compiled by ZiarulFinanciar Daily and the Romanian Development Union (CDR). Possible measures include an increase in the income tax rate from 10 per cent to 16 per cent, a health insurance premium for pensions above the average wage, or the dismissal of 30 per cent of employees (within five years) who are financially covered. (Ministry of Commerce website)

First rate cut since the epidemic!Russia's economic achievements for more than 4 years or cleared due to the outbreak. On April 24, local time, the Central Bank of Russia decided to cut the benchmark interest rate from 6% to 5.5 at its latest interest rate meeting. This is also the first time that the Central Bank of Russia has cut interest rates since the outbreak of the new crown epidemic in Russia in March. This also means that after this adjustment, the current interest rate level of the Bank of Russia is the lowest since 2012. (The first financial network)

Philippine sugar production hits decade low.According to the Philippine Star newspaper on April 23, sugar production in the Philippines may reach its lowest level in a decade and will decline further in the next crop year, and imports will continue to increase in the case of increased demand. According to the latest report of the Foreign Agricultural Service of the United States Department of Agriculture, the expected output of sugar in the Philippines is 2.025 million tons, down 3.5 percent from last year. The main reasons were unstable weather conditions in the sugar cane producing areas and the reduction of the planting area from 410000 hectares to 407000 hectares. Production is expected to fall to 2 million tons in the next crop year. Imports are likely to rise to 450000 tonnes next year from 400000 tonnes this year. Sugar demand is expected to increase slightly to 2.35 million tonnes next year from 2.3 million tonnes this year. (Ministry of Commerce website)

India's foreign exchange reserves fell to $470 billion.According to the Economic Times of India on March 28, data from the Central Bank of India show that India's foreign exchange reserves have fallen to $470 billion. In order to prevent the rupee from falling sharply against the US dollar, the central bank sold a total of US $30 billion to the market. India's foreign exchange reserves fell by US $11.98 billion in a single week from March 16 to 20 alone, the largest weekly decline since the 2008 financial crisis. (Ministry of Commerce website)

Moody's slashed India's 2020 economic growth forecast to 2.5 percent.According to India's Economic Times and Mint on March 28, Moody's, the international rating agency, lowered its forecast for India's economic growth in 2020 to 2.5 percent from 5.3 percent predicted 10 days ago. Moody's Global Macro Outlook 2020-21 notes that the 21-day blockade will result in a sharp reduction in revenues and domestic demand, and will further slow the pace of recovery. Moody's is optimistic about India's economic outlook in 2021, believing that growth will rebound to 5.8 per cent. India's central bank governor Das said on the 27th, India's real GDP growth rate of 4.7 in the first quarter of 2020, dragged down by the spread of the new coronary pneumonia epidemic, the 2019-20 fiscal year economic growth will be difficult to maintain 5% expectations, with the extension of the epidemic, supply chain disruptions intensified, the global economic growth slowdown, which will have a negative impact on India. (Ministry of Commerce website)

The agricultural and food industry in Iraq lost more than $0.24 billion due to the outbreak.Iran's Financial Tribune reported on April 24 that a report by the Iranian Parliament Research Institute stated that the new coronavirus has caused 3.95 trillion rials (about $0.243 billion) worth of losses to the consumption and exports of Iran's food and agricultural industry. On the one hand, the self-isolation of the public and the closure of service industries such as restaurants and hotels have inhibited domestic consumption, and food processing and agricultural enterprises have lost profits of US $0.2 billion; on the other hand, restrictions on the transportation and logistics of goods at customs and border ports in neighboring countries have led to agricultural exports. Decreased by 10%, or about US $43 million. (Ministry of Commerce website)

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Warmly congratulate Laizhou Sanli Auto Parts Co., Ltd. on the official launch of the new version of the official website!

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.

Trade risk tips:

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.

Trade Risk Alert

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.

Trade risk tips:

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.

Trade Risk Alert

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.

Trade Risk Alert

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.

Brake disc

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.

Tel:+86-535-3455896

E-mail: jiataowu@sanliauto.com

Address: Zhuqiao Town, Laizhou City, Shandong Province

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