May 6 Trade Risk Alert
Release time:
2020-05-06 09:48
Source:
A number of well-known companies in the United States have "fallen" in the outbreak ".5On April 4, J.Crew, a well-known American clothing brand favored by former first lady Michelle Obama and unveiled at New York Fashion Week, announced that it had filed for bankruptcy protection, becoming the first major retailer to fall during the new coronavirus pandemic. Neiman Marcus (Neiman Marcus)) and J.C. Penney (J.C. Penney) and other retail industry "big coffee" are struggling with the losses caused by the large-scale shutdown. Hertz Global Holdings Inc., a large U.S. rental car company, is preparing for bankruptcy. General Electric (General Electric) is cutting 13000 jobs in its jet engine business, one of the company's unprecedented "deep contraction" in its civil aviation business. Boeing has cut production of new planes, and the company has seen a sharp drop in orders for jet engines and parts. (International Finance)
Think Tank Analysis: Canada officially enters recession .According to statistics, Canada's economy fell by 9% in March, losing one million jobs, and the employment rate plummeted. 4The data will only get worse during the month due to anti-epidemic measures such as shutdowns and quarantines. (Sohu Finance)
The outbreak has hit Germany's machinery and equipment manufacturing industry harder.German Caixin quoted the German Machinery and Equipment Manufacturing Federation (VDMA on April 20.) The results of a survey of 790 companies reported that 89% of respondents said the new crown pandemic affected their business, compared with 84% at the end of March. 45% said that the order fell or canceled significantly, 32% even said that the order loss was serious. Supply chains are also under pressure: 3/4 of respondents believe that interrupted supply chains will not improve in the next three months, and 28% even believe that the situation will worsen. 43% believe that demand will shrink further. 60% of the companies surveyed expect revenue to decline by 10-30% this year. (Ministry of Commerce website)
The French manufacturing PMI index hit a record low."Echo" reported on May 4, according to the British market research company IHS MarkitThe study released on Monday, affected by the impact of the epidemic and the ban policy, the French manufacturing purchasing managers' index (PMI) 43.2 from March this year.It fell to the 31.2 of April this year, a record low. (Ministry of Commerce website)
The neo-coronary pneumonia epidemic has led to a continued rise in unemployment in Romania.Romania's Financial Daily reported on May 4 that the latest data released by the Romanian Ministry of Labor and Social Security showed that as of 5On April 4, more than 900000 labor contracts were suspended and more than 300000 labor contracts were terminated nationwide. Between April 30 and May 4, the number of suspended labor contracts increased by more than 170,000 and the number of terminated contracts increased by nearly 27000. (Ministry of Commerce website)
Indonesia's economy grew at its slowest pace in nearly 20 years in the first quarter.Data released by the Indonesian Central Bureau of Statistics on the 5th showed that Indonesia's gross domestic product (GDP) in the first quarter increased by 2.97 year-on-yearThe growth rate was lower than market expectations and also lower than the 4.97 per cent in the previous quarter, the lowest level since 2001. Specifically, in the first quarter, Indonesian household consumption rose 2.84 per cent year-on-year, government spending rose 3.74 per cent, fixed asset investment rose 1.7 per cent and exports rose only 0.24 per cent. The data also showed that Indonesia's GDP shrank by 2.41 in the first quarter from the previous quarter, which was also lower than market expectations. (Xinhua)
The RBA keeps interest rates unchanged and expects unemployment to peak in the coming months.According to Agence France-Presse, on May 5 local time, the Bank of Australia announced an interest rate resolution, announcing that it would maintain the key interest rate at 0.25 percent.unchanged, in line with market expectations. Economic data released by the Australian Bureau of Statistics on 5 May showed that the number of jobs in the country fell by 7.5 per cent between 14 March and 18 April this year as a result of the neo-coronary pneumonia epidemic, with the largest number of job losses remaining in the accommodation and catering services sector during this period, down 33.4 per cent, and the arts and entertainment services sector, down 27 per cent. The Australian Bureau of Statistics also reported that 31 per cent of households nationally had a deteriorating financial situation. The RBA pointed out that a large number of people in the country are currently unemployed and the unemployment rate is expected to rise sharply. The unemployment rate will reach a peak of about 10% in the next few months, and the number of unemployed will be about 1.4 million. The unemployment rate will remain above 7% before the end of 2021. For Australia's economic outlook this year, the RBA forecasts that GDP will fall by about 10 per cent in the first half of 2020, 6 per cent year-on-year GDP growth in 2020 and a rebound of 6 per cent in 2021. (Economic Reference)
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