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At present, China’s anti-epidemic prevention and control mission has achieved phased progress, and the impact of the epidemic on domestic industry and macroeconomic economic development is expected to be controlled in the first quarter. However, on a global scale, the spread of the new coronavirus is making other regions such as Europe and the United States a new “epicenten” of this epidemic, and there are still many uncertainties in the impact on the formation of global economy. As of March 30, the cumulative number of confirmed cases in China has reached 640,270, which is 39,699 more people.
For dynamic industries with higher levels of internationalization, the fluctuations in the international market also have a significant impact on the development of domestic industries, especially the photovoltaic industry with high exports and the oil industry with higher dependence on foreign countries. As the epidemic has entered the “second half”, the crisis and opportunities arising from the international market for our industry will be a topic that cannot be ignored in the short-term internal dynamic field.
The proportion of domestic market is high
The photovoltaic industry may face rapid impact
According to the data of the Chinese Photovoltaic Industry Association, from January to February this year, my country’s battery cell export scale increased significantly year-on-year, and the export scale of components remained the same year-on-year. Among them, in January, the export scale of battery plates was 1078MW, an increase of 132.7% year-on-year, and the export scale of components was 5486MW, an increase of 3.0% year-on-year; in February, the export scale of battery plates was 805MW, an increase of 115.3% year-on-year, and the export scale of components was 3879EscortMW, a decrease of 0.5% year-on-year. However, from the perspective of export growth rate, both the battery chips and components have seen a significant decline. The photovoltaic industry association predicts that with the intensification of the epidemic in the country, its impact will be more obvious in the export situation in March.
my country is the world’s largest manufacturer and exporter of photovoltaic products. Since 2017, thanks to photovoltaic power bankWith the continuous landing of money and the continuous surge of new markets, my country’s photovoltaic component export share has increased stably. According to the data from the “2019 Review and 2020 Views” of China’s Photovoltaic Industry” that in 2019, my country’s export volume of components reached 66.6GW, accounting for about 67.5% of the total domestic component production, an increase of 18.2 percentage points year-on-year, and the export proportion of important dragon-head companies is 70-80%.
For the photovoltaic industry, which has always accounted for a high export share, the spread of the epidemic in the country will definitely lead to a major impact. According to global information provider IHS Markit, a global information provider, the impact of the COVID-19 pandemic, the new installations in 2020 will be 120-140GW, which is 10% lower than the previous forecast.
“According to the development process of the epidemic abroad, if you cannot take a chance to take a break. During her nap, she had a dream. It is useful to control it. 70% of the Chinese photovoltaic industry exported by Sugar baby will be greatly affected.” PGO Light Sugar daddy‘s green green ecological environmentSugar daddy cooperated with the organization’s secret book Chang Zhou Yuan, which has shown that the impact of the epidemic on photovoltaic projects in the country has increased or relaxed the demand for travel, and has been carried out in the promotion, financing, logistics and other fields.
However, due to the final impact of the epidemic in the country, it is not yet refreshing, and some institutions are still optimistic about the market expectations throughout the year. PVInfoLink believes that the European market is more sad today, and demand is expected to decline, but the impact of american large stations is smaller, and the project delay is not expected to exceed one quarter. The third and fourth hours are the off-seasons for americSugar daddyan. At the same time, the epidemic can be smooth, and demand may rise during this period.
The world’s largest importer of crude oil
China’s demand has shifted to the international market
“As the novel coronavirus spreads around the world, the tourism and wider economic activities are restricted, and global oil demand is expected to drop in 2020.” Recently, the latest oil report released by the International Power Agency (IEA) showed that under the influence of the epidemic, due to the shrinkage of the Chinese market, which accounted for more than 80% of the global oil demand growth in 2019, and the serious severity of gaming and trade, oil demand this year will usher in its first drop since 2009.
The International Power Agency predicts that global oil demand will be 99.9 million barrels per day in 2020, down about 90,000 barrels compared with its forecast of 825,000 barrels in 2020, which has been significantly lowered. Fatih Biller, Director of the International Power Agency, said: “The coronavirus crisis is affecting a wide range of dynamic markets, including coal, natural gas and renewable forces, but it has a particularly serious impact on the oil market as it is banning the movement of personnel and goods and creating a heavy blow to the demand for transport fuel.”
The International Power Agency pointed out that at the end of the first quarter, the epidemic was controlled in China, but stretched to many countries such as Iran, South Korea, japan (Japan), Singapore, american and Europe, and expected North America. href=”https://philippines-sugar.net/”>Sugar daddy, Europe and other regions will have less impact on oil demand than China, but aviation demand will continue to be affected by global aviation tourism shrinkage. As the epidemic continues to expand around the world, the crude oil market will face severe shocks.
A summary of a sentence: Science needs to be serious, but beauty… is not that important. Night rain, while the new coronavirus was hit, and after the “OPEC+ Conference” dispersed at the beginning of the month, the oil price war in the Saudi Arabia-Russian war caused the already cowardly oil market to once again cast a shadow, and international oil prices experienced a “historical plunge”. March 18th Sugar baby, sound. WTI crude oil price fell to $20.37 per barrel at a low of $18.02 per barrel in 2002, with the lowest price of $18.02 per barrel.
Although low oil prices have caused urgent efforts to global economy, Sugar daddy, it is also hindering domestic oil production and surveys. However, as a petroleum importer, the decline in oil prices has a lot to do with our country.Many opportunities and benefits. In the industry, oil and petrochemical slabs located in the petroleum industry chain can apply low oil prices to large stocks in the sea, balance the downstream survey slabs, and also supplement the national strategy oil reserves. In addition, the decline in the capital price of refined oil and chemical raw materials industry will drive the decline in domestic refined oil prices and commodity prices.
Influence may be short-term
Sugar daddy‘s power conversion trends remain unchanged
From new power equipment such as photovoltaics, Escort manila, to the advancement of resources such as oil and natural gasSugar baby href=”https://philippines-sugar.net/”>Sugar baby, while my country’s dynamic field is increasingly acting in the international market, it is also increasingly affected by the domestic supply and demand format. However, due to the internal judgment of the industry, the impact of this epidemic may only be short-term. From a long-term perspective, the trend of dynamic development and change will not change.
In fact, for domestic operators, the fluctuations in the overseas market of the photovoltaic industry and the sharp drop in international oil prices are not new. Since 2011, affected by the “double reversal” between Europe and the United States, my country’s photovoltaic component exports accounted for about 40% in 2016, and the export volume of components has also remained at a 20GW scale for many years. After the oil price plummeted in 2014, China’s oil industry also encountered setbacks and its industry results have dropped. But facing the varied atmosphere of the international market, domestic industries can ultimately be adapted and are specifically a crisis.
For the photovoltaic field, businessIt is widely believed that in 2020, global photovoltaic replenishment will become a normal situation. Under the rapid development of industrial chains and the driving force of technology, the global photovoltaic project LCOE electric cost will drop increasingly obvious, and its trend of replacing traditional dynamics will also gradually appear.
For the oil industry, in accordance with the “medium-term prospect” announced by the International Power Agency, oil demand is expected to rebound significantly in 2021 after the end of the global epidemic, but w TC: