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State-owned Asset Supervision and Administration Commission (SASAC), a ministerial-level organization under the direct governance of China’s State Council, called for China’s state-owned construction and engineering companies to “conquer the hardship caused by Novel Coronavirus Pneumonia (NCP) and resume work as soon as possible” in its post on the website on February 15.
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China’s auto-manufacturers and motor dealers got off to a bumpy start this year, with January vehicle output and sales plunging on-year and on-month, according to a grim prediction made by the China Association of Automobile Manufacturers (CAAM) based on data gathered from key enterprises and groups. The long Chinese New Year holiday late last month was chiefly to blame for the falls, CAAM explained.
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China’s steel demand from the construction sector may decline, from the manufacturing may remain steady, while steel exports are still too early to assess for the whole 2020 because of the outbreak of the Novel Coronavirus Pneumonia (NCP), He Wenbo, secretary general of the China Iron & Steel Association (CISA), shared at an exclusive interview with China Metallurgical News on February 13.
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Just as the shipbuilding industry globally and across China struggles with oversupply challenges, the outbreak of Novel Coronavirus Pneumonia (NCP) is dealing a further blow to China’s shipbuilding sector, the impact of which might continue to reverberate throughout the full course of this year, Mysteel’s latest report published on February 12 indicated.
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The outbreak of Novel Coronavirus Pneumonia (NCP) will give a jolt to China’s white good industry in the short term but over the full course of this year, the epidemic is seen as unlikely to have great influence on this industry, Mysteel’s latest report published on February 11 indicated.
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China’s sales of 14-100 tonne heavy-duty trucks for January increased 26% on month or 18% on year, continuing with its robustness since 2019 when the annual sales having hit the best yearly record, according to the latest data released on February 5 by the Beijing-headquartered Commercial Vehicle World (CVWorld), an information collector of vehicles for business use.
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The China Association of the National Shipbuilding Industry (CANSI) expects the global shipbuilding sector to slightly recover this year and that order volumes of new vessels globally will increase to 75-90 million dead weight tonnes (dwt), mainly thanks to the predicted uptick the world economy, the easing of trade friction and the implementation of new rules on sulfur emissions for ships.
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China’s production of air conditioners, refrigerators and washing machines witnessed rises in 2019, mainly thanks to the stable demand tracking the domestic property market and to increasing demand for China-made appliances from abroad, according to the latest data from China’s National Bureau of Statistics (NBS).
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China’s production and sales of automobiles in 2019 declined by 7.5% and 8.2% on year to 25.7 million units and 25.8 million units respectively, according to the latest statistics from China Association of Automobile Manufacturers (CAAM) published on January 13.
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US-headquartered electric car producer Tesla delivered the first ‘Model 3’ cars made at its new factory in East China’s Shanghai to Chinese consumers on January 7, exactly one year after beginning construction on its Gigafactory, a combination car- and battery-making plant, in Shanghai’s Lingang Area.
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China’s sales of heavy-duty trucks (14-100 tonnes) hit a historical high of 1.17 million units in 2019, according to the latest data from Beijing-headquartered Commercial Vehicle World (CVWorld), a information collector of vehicles for business use.
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China’s production of air conditioners, refrigerators and washing machines saw relatively healthy increases over January-November, with that of air conditioners being up 5.8% on year at 199.6 million units, according to the latest data released by China’s National Bureau of Statistics (NBS).
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China’s shipbuilders received 24.7 million dead weight tonnes (dwt) of new vessel orders over January-November, lower by 25.4% on year, according to the latest statistics from China Association of the National Shipbuilding Industry (CANSI) published on December 17. However, the rate of decline was smaller – albeit slightly – than the 25.6% on-year fall over the first ten months.
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China’s automobile industry is expected to witness further declines in 2020 as it enters a period of low-speed, high-quality development, with auto sales likely to dip by 2% from this year, predicted Shi Jianhua, deputy secretary general of China Association of Automobile Manufacturers (CAAM) at the Mysteel Bulk Commodities Week 2020 Special Steel Seminar on December 13.
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China’s auto production for November posted the first year-on-year increase since June 2018, up 3.8% on year or 13% higher on month to about 2.6 million units, and the auto sales went down 3.6% on year though still down 7.6% on month, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on December 10.
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China’s domestic and export sales of excavators and other heavy machinery over January-November increased by 15% on year to reach 215,538 units, according to the latest data released by the China Construction Machinery Association (CCMA) on December 10. The increase over the eleven months was also larger than the 14.5% on-year rise for January-October.
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China’s shipbuilding industry hasn’t fared well at all so far in 2019, with the few key indicators declining on year amid the several crosscurrents that have been impacting its performance. Dry bulk freight carriers, the model that China has been with the great expertise in building, have been with more than sufficient capacities, while for high-end vessels such as oil and gas tankers that are in hot demand now in the global freight market, Chinese shipbuilders are not as competitive as its South Korean counterparties.
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The link to the Feature P1: https://www.mysteel.net/article/5012052/FEATURE--Chinas-shipbuilders-in-rough-water-Part-1.html
Is the global shipping market at the dawn of reviving?
The global shipping market bid goodbye to its glory days in 2008 and since then has been largely mired in recession, when the financial crisis hit the world economy and global seaborne markets both for
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Two wholly state-owned Chinese shipbuilders formally integrated into a single shipbuilding giant on November 26, a union seen as helping to improve industry concentration, expand the enterprise’s scale and enhance its competitiveness. However, industry watchers canvassed by Mysteel Global on November 29 cautioned that any positive influence from the merger will not show itself in the market in the short run.
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Construction works in the ASEAN country will be done faster, better in quality, and less rework, should the region embrace new technology such as real-time data collection, analysis, and modelling in the sector, Wikrom Vajragupta, chairman of Thailand Iron & Steel Industry Club, the Federation of Thai Industries, shared at the 2019 ASEAN Iron & Steel Sustainability Forum in Jakarta.
