Burst! The European epidemic is in emergency again! Chile closes its borders and raw materials skyrocket! The freight rate in East America soared to US$17,000!


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01 The European epidemic is urgent

Recently, according to data disclosed by the European Regional Office of the World Health Organization, the number of new cases of the new crown epidemic in Europe has risen for three consecutive weeks, and the number of new cases in a single week has exceeded 1.2 million.

Among them, Italy has been upgraded to a red epidemic prevention zone, and it is not allowed to go out for non-essential reasons.

The entire territory of France has also taken measures to “close the city” for a period of four weeks.

Germany implements stricter lockdown measures for 2 to 3 weeks to fill the gap in epidemic prevention, until a larger proportion of the population is vaccinated

02  Chile decided to close the border

According to data from the Chilean Ministry of Health, as of April 6, local time, the cumulative number of confirmed cases of new coronary pneumonia in Chile reached 1,037,780, and the cumulative number of deaths was 23,734.

The number of confirmed cases of new coronary pneumonia has increased by 20% in the past 14 days.

In view of the severe situation of the rebound of the epidemic, the Chilean government announced an upgrade of a series of epidemic prevention measures. Starting April 5, Chile will close its borders to foreign citizens who do not have a Chilean residence permit.

As the world’s largest copper producer, the news of Chile’s border closure has also triggered market concerns about copper supply.

The Chilean Ministry of Energy and Mining previously responded that the border closure will not affect maritime transportation and the normal operation of mining enterprises.

However, international copper prices still rose sharply. Copper futures prices on the London Metal Exchange rose 3.6% on the 6th, breaking the US$9,000 per ton mark to US$9,104 per ton, reaching their highest point in two weeks.

Earlier, copper futures prices on the New York Mercantile Exchange had their biggest increase in six weeks on the 5th.

On April 6, Shanghai copper closed up 1.3%, and rose more than 2% in early trading to close at 67,010 yuan/ton.

03 COSCO SHIPPING earned 15.45 billion yuan in the first quarter

On the evening of April 6, COSCO SHIPPING Holdings issued an announcement stating that the company’s net profit attributable to shareholders of listed companies is expected to be approximately RMB 15.450 billion in the first quarter of 2021. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is approximately RMB 15.45 billion. It is 15.406 billion yuan.

In the same period last year, the net profit attributable to shareholders of listed companies was about 292 million yuan, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was about 76 million yuan.

Not only did it achieve a 50-fold increase over the net profit of 292 million yuan in the same period last year, it also exceeded the total profit of 9.927 billion yuan in 2020.

In other words, the net profit of COSCO SHIPPING Holdings in the first quarter rose nearly 52 times year-on-year.

Affected by the announcement news, COSCO SHIPPING Holdings has reached the daily limit at the opening yesterday.

04 The freight rate from China to the US East soars

Although the sudden incident in the Suez Canal was quickly resolved, the blockage of the Suez Canal has affected almost the global supply chain, and the impact cannot be solved immediately after navigation.

Freight rates in the Pacific region will be affected by the six-day delay in the Suez Canal.

It is reported that the container freight rate of Evergreen Shipping from China to the eastern United States has reached 17,000 US dollars/FEU, and the freight rate will reach a higher level in the next few months.

The Maersk Line’s report stated that most of the ships were blocked due to the stranding of ships in the Suez Canal. Although they have now crossed the channel and resumed navigation, the current schedules of the ships are not synchronized, and equipment shortages and equipment shortages are expected. Delays in goods.

It may take several weeks for the vessel to resume normal operations, and since the delay of empty containers is already part of the problem, Asian exporters may face further delays, and spot interest rates may rise.

This article is reproduced from State Reading Network.

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