- Welding large-diameter carbon alloy steel pipes: Canada made the first double-reverse sunset review final ruling. Recently, the Canada Border Services Agency made the first double-reverse sunset review final ruling on welded large-diameter carbon alloy steel pipes originating in or imported from China. The Canadian International Trade Court is expected to make a double-reverse sunset review before August 3. Industry damage Final verdict.
- The International Air Transport Association recently released a report pointing out that the airspace closure measures in the Russian-Ukrainian conflict have had a serious impact on the aviation industry. Flights had to be diverted or cancelled due to airspace closures, with routes between Asia and Europe and North America being the most affected. In terms of cargo, air cargo between Europe and Asia accounted for 20.6% of global air cargo revenue over the past 12 months.
- Restricted by the shortage of chips, German auto production has not yet recovered to the level before the covid19 epidemic. The recent outbreak of the Russian-Ukrainian conflict has brought new challenges to the auto industry. Many German automakers have recently announced production cuts or even suspensions. It is expected in the industry that the conflict between Russia and Ukraine is likely to affect the supply of neon, an important raw material for making chips, thereby affecting European semiconductor production and causing serious disruption to automobile production.
- The conflict between Russia and Ukraine and the shortage of nickel inventories have led to high nickel prices. It is judged that nickel prices are expected to maintain a strong trend. Russia is the third largest nickel producer in the world, accounting for about 9-11% of global nickel ore supply. The main reasons for the rise in nickel prices are as follows. First, the conflict between Russia and Ukraine and the sanctions imposed by overseas countries have caused the market to worry about the supply of nickel in Russia. Second, global nickel inventories have fallen sharply. With the strong production of electric vehicles, higher downstream demand has kept nickel inventories at a low level.
- Food and Agriculture Organization of the United Nations: Global food prices hit a record high in February. Global food prices hit a record high in February, rising 24.1 percent from a year earlier, driven by higher prices for vegetable oils and dairy products, the Food and Agriculture Organization of the United Nations said.
- eMarketer: India’s e-commerce market will reach $100 billion by 2023. E-commerce sales in India are forecast to soar 25% to $80 billion by the end of 2022. It is expected to maintain steady double-digit growth from 2021 to 2025, with its sales more than doubling, and to surpass the $100 billion mark for the first time in 2023.
- Wish announced its earnings report, with both revenue and gross profit plummeting. ContextLogic, the parent company of cross-border e-commerce platform Wish, announced results. In 2021, the platform’s annual revenue will be US$2.085 billion, down 18% from US$2.541 billion last year, and gross profit will be US$1.108 billion, down from US$1.594 billion last year. 30%.
- The Panama Canal issued a statement calling it permanent neutrality.
- FedEx announced an increase in international shipping surcharges. A few days ago, FedEx announced that due to the disruption of the global supply chain caused by the Russian-Ukrainian war, it will increase the peak surcharge for international parcels and freight from March 7. Surcharges in most of Asia Pacific will increase by 20 to 30 cents per kilo; international parcels in Europe will rise by 11 cents per kilo.
- Passenger Car Association: In February, the retail sales of passenger vehicles in China reached 1.246 million units, a year-on-year increase of 4.2%, a month-on-month decrease of 40.0%, and the overall trend was strong; the retail sales of new energy passenger vehicles reached 272,000 units, a year-on-year increase of 180.5%, month-on-month Down 22.6%. Ideal, Nezha, Xiaopeng, Weilai, Leapmotor, Weimar and other new power car companies’ sales performance were generally better year-on-year and month-on-month.
- CCTV Finance: In the past year, women have invested more in smart devices. Sports trackers, smart watches, VR glasses, and drones have become the most popular products for women. Among them, women aged 46-55 spend more on smart devices. The transaction value increased by 122% year-on-year. Commodities related to swimming, ice sports, skiing and other sports also increased significantly.
- On the eve of and on the eve of International Women’s Day on March 8, women’s own consumption has become a new growth point for fresh food e-commerce platforms. Since March, the sales of various seasonal flowers have continued to grow. On the festival day, the sales of flowers on an e-commerce platform are about 4.5 times the usual, of which the online order volume is 4 times the usual. In addition, desserts, drinks, etc. also ushered in a sales peak.
- Shell Research Institute: Recently released the “Women’s Housing Consumption Survey Report 2022”. In terms of rental and purchase consumption trends, the proportion of female consumers has been on the rise for five consecutive years. Female buyers of housing in Dongguan, Hangzhou, and Shenyang performed prominently, accounting for 51.68%, 44.27% and 45.75% respectively in 2021. On the whole, safety, quality, and cost-effectiveness have become the hot spots for female customers to live and consume.
- Recently, a number of feed companies such as Zhengbang and New Hope have announced feed price increases. Most of the price increases are around 100 yuan per ton. The main reason is the increase in raw material prices. According to practitioners, the price of soybean meal rose sharply after the Spring Festival, from about 3,600 yuan to about 4,800 yuan, an increase of about 30%, which directly pushed up the cost of feed production. In addition, the supply of imported soybeans is in short supply, and a large number of oil plants have been shut down at present.
- According to data released by the State Administration of Foreign Exchange recently, as of the end of February 2022, China’s foreign exchange reserves stood at US$3,213.8 billion, which has been above US$3.2 trillion for the 10th consecutive month.
- In late February, the four major state-owned banks in Guangzhou announced a reduction in the mortgage interest rate in the Guangzhou area, and the first-home buyers were lowered to 5.4%. Entering March, banks in Guangzhou have sufficient mortgage loan quotas, and the mortgage interest rate has been stable with some declines. Some banks can lend at the earliest in a week. According to the industry, mortgage interest rates are expected to be further lowered during the year.
- By the end of 2023, China will initially establish a security system for the Internet of Vehicles. The Ministry of Industry and Information Technology recently issued the “Guidelines for the Construction of the Internet of Vehicles Network Security and Data Security Standard System”, which proposed that by the end of 2023, the Internet of Vehicles network security and data security standard system will be initially established.
- Wang Zhigang, Minister of Science and Technology: In the past year, science and technology work has played an important role in promoting the high-quality development of the country’s reform and opening up and modernization. In 2021, R&D investment will reach 2.79 trillion yuan, an increase of 14.2%; the technology contract turnover will reach 3.7 trillion yuan, which greatly exceeds the 2.79 trillion yuan invested in R&D by the whole society. At the same time, the ranking of China’s innovation index rose to 12th in the world, an increase of 22 places.
- China Economic Net: The adult smoking rate in Shanghai has dropped for 7 consecutive years to 19.4%, which is at the leading level in the country and has reached the “Healthy China 2030” mission ahead of schedule. Five years after the implementation of full indoor smoking ban, Shanghai’s tobacco control work has been continuously advanced, and the construction of a “smoke-free city” with Shanghai-style characteristics has achieved remarkable results.
- Yonghui Supermarket: From January to February, the total operating income was about 20.4 billion yuan, a year-on-year increase of about 3%, of which same-store growth was about 1.6%; the operating net profit was about 760 million yuan. During the reporting period, due to the impact of non-operating factors such as changes in the stock price of foreign investment, there may be a provision of about 150 million yuan to 200 million yuan.
- SMIC: From January to February, the total operating income was approximately US$1.223 billion, a year-on-year increase of 59.1%; the net profit attributable to the parent company was approximately US$309 million, a year-on-year increase of 94.9%.
- Meta: $1 billion will be paid to creators by the end of 2022. To incentivize creators, various bonus features are being tested, such as Reels Play, Stars Double. But most of these projects have yet to be announced, as they are still in early beta testing and have limited scope for testing. So far, the bonus program has been invite-only.
- Moderna’s full-year revenue and net profit both rose sharply. Moderna announced its 2021 results, with revenue of $7.211 billion in the fourth quarter, compared with $571 million in the same period last year; net profit of $4.868 billion, compared with a net loss of $272 million in the same period last year. Full-year revenue was $18.5 billion and full-year net profit was $12.2 billion.
- IKEA closed offline stores in mainland China for the first time.
- According to the Bloomberg Billionaires Index, Berkshire Hathaway Chairman Warren Buffett has re-entered the ranks of the world’s top five richest people, with a cumulative increase of 7.79 billion US dollars in personal wealth since the beginning of the year; Tesla founder Elon Musk remains firmly on the throne of the world’s richest man , but its personal wealth has evaporated by US$62.2 billion since the beginning of the year, ranking first in the list of the world’s richest people.
- According to a report released by the Agricultural Economics Office of the Ministry of Agriculture of Thailand, since 2015, the prices of three important agricultural products, pork, chicken and eggs, have continued to rise. The main reason was that the prices of feed raw materials such as corn, wheat and soybean meal continued to rise, up 14%, 43% and 15% year-on-year respectively.
- Japan: Foreign trade and other data showed a deficit. According to a report by Kyodo News on March 8, the preliminary balance of payments for January released by Japan’s Ministry of Finance showed that the current account, which reflects the transactions of goods, services and investment between Japan and overseas, showed a deficit of more than 1.18 trillion yen.
- South Korea: Shipbuilding companies ranked first in the world in terms of orders received in February.
- Myanmar: Large-scale power cuts will be implemented. The Ministry of Electricity and Energy of Myanmar recently issued a notice that due to factors such as rising natural gas prices and switching of natural gas field pipelines, large-scale power cuts will be implemented across Myanmar from March 12 to 18.
- Lebanon: Central bank opens credit line for wheat imports. The Ministry of Industry of Lebanon said recently that the Central Bank of Lebanon has opened a credit line for wheat imports. Eighty percent of Lebanon’s grain needs to be imported, and it is now seeking to buy wheat from Australia, the United States and Canada.
- Germany: New industrial orders increased sequentially in January. Data released by the German Federal Statistical Office recently showed that, driven by the growth of new foreign orders, after adjusting for seasons and working days, German industrial new orders increased by 1.8% month-on-month in January this year, the third consecutive month-on-month increase.