According to the latest data released by the General Administration of Customs, from January to August 2021, the export value of China's automotive parts products was 316.58 billion yuan, a year-on-year increase of 34.6%; Compared with 31.22 billion yuan in the same period of 2019, it has increased by more than 9 times.
Zhaofeng Electromechanical, located in Hangzhou, Zhejiang, is an automotive parts manufacturer. The company's representative stated that since the second half of 2020, export orders have exploded on a large scale, and currently the company has over 40 production lines operating at full capacity.
Kong Chenhuan, the general manager of a wheel hub bearing company in Hangzhou, Zhejiang, also stated that the current order backlog has been delayed for three months, and the order growth rate has exceeded 80%.
Kong Chenhuan believes that the surge in order demand is due to both the recovery of previous orders and the overall low inventory rate in overseas terminal markets.
According to the report, due to the shortage of chips, global automobile production is declining, resulting in a decrease in the demand for components that provide supporting services for vehicle manufacturers. However, the demand for new energy vehicles and after-sales maintenance markets remains strong.
Zheng Hao, Deputy Director of the Statistics Department of Shanghai Customs, introduced that in the first eight months of this year, the export of automotive parts from Shanghai port reached 96.6 billion yuan, a year-on-year increase of 36.4%, mainly exported to countries and regions such as the United States, the European Union, and Japan.
Although the export orders for automotive parts have surged, companies are mixed, mainly due to prominent issues such as rising raw material prices.
In the workshop of Sanyuan Vehicle Purifier Company in Taizhou, Zhejiang, the machines are roaring. Currently, the company holds over 20000 orders and produces more than 800 sets per day.
At the beginning of this year, due to the rising prices of precious metals such as palladium rhodium and steel, as well as the continuous increase in shipping costs, although orders were abundant, production costs increased by at least 20%.
It is reported that the price of Buxiu Steel increased from 8200 yuan per ton last year to 14000 yuan per ton this year. Iron plates were priced at 4200 yuan per ton last year and have recently risen to 8300 yuan. As an important element in the production of purifier products, the price of precious metal rhodium has also increased threefold, from 2000 yuan per gram last year to 6000 yuan per gram this year.
Following closely behind Dafei, Hapag Lloyd announced the suspension of immediate freight rate increases, and Maersk is inclined to sign long-term contracts
Since last week's announcement by Lufthansa to suspend further increases in spot freight rates, Hapag Lloyd has joined the Lufthansa train and set a cap on spot freight rates for container cargo transportation.
Hapag Lloyd stated in an interview with Lloyd's Daily that we have not raised shipping costs further for several weeks.
Hapag Lloyd stated, 'We believe that spot freight rates have peaked and we are not seeking further increases in freight rates. We hope that the market will slowly begin to calm down.'."
Unlike the explicit commitment made by Dafei to suspend freight rate increases for the next five months, Hapag Lloyd stated that the freight freeze will take effect "temporarily".
Spot freight accounts for a significant portion of container cargo, and driven by market forces, demand has skyrocketed in the past year, pushing ocean freight rates to unprecedented levels.
Rolf Habben Jansen, CEO of Hapag Lloyd, seems to have ruled out any form of price control, stating that there is a huge demand for cabin space in the market.
If we try not to follow the market, we will get too many bookings, causing our system to crash. But now, there are very few available spaces for additional cargo transportation, which has led to crazy shipping costs
On the other hand, Maersk stated that it has signed long-term contracts with more customers.
The pressure on the container market, characterized by a shortage of containers and insufficient transportation capacity, has pushed spot prices to a new height.
Therefore, Maersk stated in a review that it has signed long-term contracts with more customers compared to before.
We are committed to achieving business transformation and becoming a full-service container logistics integrator, which is why our focus is on creating long-term value for our customers. To achieve this goal, we are striving for a larger share of long-term contracts, which has now increased to around 60% of our total orders, "Maersk said.
A cross-border logistics service company that focuses on products and services.
