Trade alert

  • 2,4-D acid: Australia launches fourth anti-dumping sunset review investigation
  • The Australian Anti-dumping Commission recently issued an announcement saying that at the request of the Australian company Nufarm Limited, the fourth anti-dumping sunset review investigation was initiated against 2,4-D acid imported from China. The dumping investigation period in this case is from April 1, 2021 to March 31, 2022.

Trade

  • China and Uganda: Signed an economic and technological cooperation agreement, which will be used to implement social and livelihood transformation projects agreed upon by the two governments.
  • Iran: Central Bank set aside $4 billion to import basic goods. Of this, $1 billion was spent on pharmaceutical imports.
  • Tajikistan: It is planned to increase the foreign trade volume to 5.4 billion US dollars. According to a recent report by Avista News Agency, Tajikistan plans to increase its foreign trade volume to 5.446 billion US dollars by 2024, of which imports will reach 3.342 billion US dollars.
  • Philippines: Offshore wind roadmap to be released. According to a recent report by The Philippine Star, the Philippine Department of Energy will launch the country’s first offshore wind energy roadmap to develop 178 gigawatts of offshore wind energy potential and support the transition to renewable energy.
  • South Korea: In early April, exports increased by 3% year-on-year, and the deficit continued. According to preliminary verification data released by the Korea Customs Service (Customs) recently, South Korea’s exports in the first 10 days of April increased by only 3% year-on-year to US$15.336 billion. In addition, the foreign trade balance showed a deficit of US$3.519 billion, an increase from US$1.814 billion in the same period last year.

China

  • In 2021, Chinese buyer demand for overseas residential real estate droped by around 50% globally.
  • Ministry of Communications: As of 24:00 on April 16, a total of 219 toll stations were closed on expressways in various provinces (autonomous regions and municipalities), accounting for 2.03% of the total number of toll stations, a decrease of 67.70% from April 10; a total of 76 service areas were closed. , accounting for 1.15% of the total number of service areas, a decrease of 79.12% from April 10.
  • China Manned Space Engineering Office: In 2023, it plans to launch China’s first large-scale space survey telescope to conduct wide-area survey observations, and will carry out cutting-edge science in the formation and evolution of cosmic structures, dark matter and dark energy, exoplanets and solar system celestial bodies, etc. Research.
  • Ministry of Agriculture and Rural Affairs: Since March, the national egg market price, wholesale price, and retail price have risen for 5 consecutive weeks. As of April 17, the national egg market price, wholesale price, and retail price have increased by more than 6%, 10%, and 5%, respectively. Experts say that this year’s egg price rise is earlier than in previous years, mainly due to the tight supply and demand pattern in the egg market and the continued rise in feed prices.

Company

  • JD Logistics: recruited and mobilized a total of 3,246 front-line anti-epidemic security personnel such as couriers and sorters nationwide to go to Shanghai for reinforcements within a week, and most of them have arrived in Shanghai. On April 15, the number of orders delivered by JD.com in Shanghai increased by 67% compared with the previous day, reaching 43% of the average daily volume before the epidemic. It is expected that the overall recovery will reach about 80% this week.
  • Amazon FBA fees have been raised across the board on April 28.
  • Shopee announced the launch of a new function “Shopee Express”.
  • The annual orders received by Japanese shipbuilding companies increased by 60%. The number of orders received by Japanese shipbuilding companies reached 313 ships of 14.2992 million GT, a year-on-year increase of 59.8%. Even this is the first time since the 2015 fiscal year that the annual order volume of Japanese shipbuilding companies exceeded 14 million GT.
  • Matson Steamship has upgraded the management of the approval process for electrical products.
  • Musk has offered to buy Twitter for about $43 billion in cash.
  • Uniqlo announced its results, with a substantial increase in net profit. Recently, Fast Retailing Group, the parent company of Uniqlo, announced the results of the first half of the fiscal year as of February 28: sales revenue increased by 1.3% year-on-year to 1.22 trillion yen, operating profit increased by 12.7% to 189.27 billion yen, and net profit increased by 41.3%. to 154.382 billion yuan.

World

  • GERMANY: Deutsche Bank vice-president said that German inflation will reach an annual rate of 7-8% this year, and if energy imports are restricted, inflation may even reach 10% or more. Germany needs to brace for inflation to rise to the highest level since the 1970s.
  • Japan: On April 15, chickens suspected of being killed by a highly pathogenic avian influenza virus were found at a chicken farm in Shiraoi, Hokkaido, Japan. Hokkaido authorities have begun culling about 520,000 chickens raised at the farm. On April 16, Japan’s Ministry of Agriculture, Forestry and Fisheries announced that two poultry farms in Hokkaido had a highly pathogenic avian influenza outbreak, and the local government decided to cull more than 500,000 chickens and hundreds of emus.
  • Argentina’s inflation rate reached 6.7%, the highest in nearly 20 years. Among them, food prices increased the most among various commodities, reaching 7.2%.
  • Qatar: The number of inbound tourists in the first quarter reached 316,000, a year-on-year increase of 700%.
  • The U.S. price index rose 8.5% year-on-year. Affected by the conflict in Russia and Ukraine, U.S. energy prices rose 11% month-on-month and 32% year-on-year in the month.
  • The European Central Bank announced that it will keep three key interest rates unchanged. The European Central Bank announced the latest interest rate resolution, announcing that the main refinancing rate, the marginal lending rate and the deposit mechanism rate will remain unchanged at 0.00%, 0.25% and minus 0.50%, respectively. At the same time, it was decided that the scale of bond purchases under the regular asset purchase program in April will remain at 40 billion euros.
  • The OECD’s Nuclear Energy Agency has decided to suspend Russia’s membership.