The impact of the Canadian port strike has expanded! The exchange rate has soared in July! The General Administration of Customs has emphasized the prohibition丨Foreign Trade News Express
Canadian port strike continues
More than ten days have passed since the strike, but the situation at Canadian ports has not improved, but has deteriorated further. Industry insiders previously predicted that, with the experience of the West Coast Ports in the United States, the Canadian Employers Association did not want to delay too long, but now the two ports have been shut down, cargo volume has dropped sharply, more than 20 cargo ships are waiting in line to berth, and many shipping companies have announced port jumps. Even rail and truck import and export services have stopped.
On July 11, local time, a latest report from the Royal Bank of Canada showed thatThe strike at British Columbia's shipping ports remains deadlocked, with the current backlog estimated at about 63,000 containers.
The report said that before July 14 was the "optimal time" to find a solution to the strike.If the two sides do not reach an agreement by July 31, the backlog is expected to reach 245,000 containers.，Even if no new ships arrive, it will take more than three weeks to clear the backlog. The British Columbia Maritime Employers Association said,As of July 10, C$7.5 billion (US$5.685 billion) in cargo flows had been disrupted.
Many ships were forced to change their route and look for other ports to load and unload cargo. However, after some cargo ships arrived at the western ports of the United States,Workers at West Coast ports refuse to unload cargo from Canadian portsTo show support for Canadian port workers. The backlog of goods cannot be processed, and many shippers are expected to turn to air freight, and airports in the United States and Canada may face a large backlog of goods.
StrikeThe effects may take weeks or even months to resolveThis not only brings great challenges to port operations, but also has a serious impact on supply chains and business activities. Many companies have to re-plan their logistics plans and find alternative channels to transport goods. At the same time, consumers may face delivery delays and commodity supply shortages.
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The exchange rate has skyrocketed!
The RMB exchange rate rose by more than 500 points in four days, and this round of depreciation may come to an end.
On July 11, the RMB exchange rate against the US dollar rose above the important mark of 7.2 in both the onshore and offshore markets. In addition, the RMB central parity rate against the US dollar was 7.1886 on the 12th, an increase of 40 basis points. Since last Friday, the RMB has continued to rise against the US dollar. As of 15:20 on Wednesday,The onshore RMB was quoted at 7.1936 against the U.S. dollar, with a cumulative increase of 529 basis points, or 0.7%.。
On July 11, after the opening of the RMB spot exchange rate against the US dollar, it broke through the 7.22, 7.21 and 7.20 levels in succession, and appreciated to a maximum of 7.1937 during the session, an appreciation of more than 300 points from the previous trading day.
The offshore RMB exchange rate against the U.S. dollar, which more reflects the expectations of international investors, rose above the 7.22, 7.21 and 7.20 levels during the session, rising to a high of 7.1943 during the session, and the intraday appreciation also exceeded 300 points.
After experiencing rapid depreciation in the early stage, the RMB exchange rate rebounded significantly in July. Wind data showed that as of July 10, the onshore RMB exchange rate against the US dollar rose by 0.4%, and the offshore RMB exchange rate against the US dollar rose by 0.53% since July.
The sharp rise of the RMB is due, on the one hand, to the recent weakening of the US dollar index, and on the other hand, to the market's expectation that China will introduce policies to stabilize growth in the short term to support a continued rebound in the domestic economy in the second half of the year.Zhong Zhengsheng, chief economist at Ping An Securities, said: "The main driving factor for the RMB exchange rate's rebound is still the U.S. dollar."
Recently, domestic policies have continued to exert their strength, and market signals for stabilizing the exchange rate have emerged one after another, becoming the key support for the stabilization of the RMB exchange rate. Zhong Zhengsheng said that from the second half of this year to the end of this year, the US dollar index began to turn around, and China's macroeconomic policies have boosted expectations for China's economic recovery, which is expected to promote a steady increase in the RMB exchange rate.
"The Federal Reserve's monetary policy tightening is coming to an end, the domestic economy is recovering steadily, the balance of payments remains in surplus, and the internationalization of the RMB is advancing, all of which will provide certain support for the RMB exchange rate." Lian Ping, chief economist and director of the research institute of Zhixin Investment, said that the RMB exchange rate against the US dollar may bottom out and rebound in the third quarter, and the RMB exchange rate volatility will increase and fluctuate widely throughout the year.
The combined efforts of internal and external factors are expected to drive the RMB exchange rate to continue its upward trend.
The General Administration of Customs emphasizes: Import is prohibited! 100% inspection!
On July 7, the head of the Import and Export Food Safety Bureau of the General Administration of Customs answered reporters' questions regarding the International Atomic Energy Agency's release of a comprehensive assessment report on the disposal of Japan's Fukushima nuclear contaminated water.
The official said that since the Fukushima nuclear leak in Japan in 2011, China Customs has always attached great importance to the problem of radioactive contamination of Japanese food exported to China caused by the accident, closely followed the relevant measures taken by the Japanese government after the Fukushima nuclear leak, and continued to assess the risk of radioactive contamination of Japanese food and respond in a timely manner.
To prevent the import of radioactively contaminated Japanese food into China,To protect the safety of imported food for Chinese consumers, China Customs has banned the import of food from ten prefectures (cities) including Fukushima, Japan. For food from other parts of Japan, especially aquatic products (including edible aquatic animals), the accompanying supporting documents will be strictly reviewed, supervision will be strengthened, 100% inspection will be strictly implemented, and the detection and monitoring of radioactive substances will be continuously strengthened., ensure the safety of food exported from Japan to China, and strictly prevent the import of risky products.
China Customs has noted the comprehensive assessment report recently released by the International Atomic Energy Agency on Japan's plan to discharge contaminated water from the Fukushima nuclear power plant into the sea. This report fails to fully reflect the opinions of all experts participating in the assessment, and the relevant conclusions have not been unanimously recognized by experts from all parties. There are still many problems with the legitimacy of the discharge into the sea, the reliability of the purification device, and the perfection of the monitoring plan.
Currently, the issue of Japan's nuclear contaminated water discharge into the sea has become a global concern, and has also caused Chinese consumers to worry about the safety of food imported from Japan. China Customs will remain highly vigilant, take absolute responsibility for domestic consumers as the principle, and take all necessary measures in a timely manner according to the development of the situation to ensure the safety of Chinese consumers' food on the table.
MSC launches new Southeast Asia route
In mid-July, MSC will launch a new self-operated weekly direct route to Vietnam, KAGUYA.Connecting central China to the major Vietnamese ports of Haiphong and Ho Chi Minh.
The route service will be affiliated to:Shimizu-Tokyo-Osaka-Kobe-Hakata-Pusan-Shanghai-Ningbo-Haiphong-Ho Chi Minh SP ITC Port-Laem Chabang-Manila South-Manila North-Pusan-Shimizu
The route is named "KAGUYA" and is independently operated by MSC.Deploy 6 ships with a capacity of about 2,500 TEU, with one service per week and a cycle time of 6 weeksHaiphong Port calls at NAM DINH VU Terminal, and the voyage takes 6 days from Shanghai and 4 days from Ningbo; Ho Chi Minh Port calls at SP-ITC Terminal, and the voyage takes 9 days from Shanghai and 8 days from Ningbo. At the same time, we can also accept goods to Laem Chabang, a port in Thailand.
The new "KAGUYA" service,The first voyage is expected to be the "MSC CARPATHIA III", voyage HG327A, scheduled to depart from Shanghai on July 19.
Source: Focus Vision, Operation and Maintenance Network, Customs and Network, etc.
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