Export downturn is manufacturing cast a shadow over to Asia. Japan’s economic news released by the Chinese (Chinese:) in February 2016, eight Asian countries and regions of the PMI (purchasing managers’ index), according to the six countries and regions such as Taiwan, South Korea and Vietnam’s prosperity degree than last month. PMI reading above 50 indicates that economic activity in the uplink, below 50 indicates economic activity showed signs of shrinking. South Korea for 2 months in a row, China Taiwan, for three consecutive months from line below 50.
The boom of in South Korea and China Taiwan, deterioration of a slowdown in China is the main reason leading to the export downturn. In South Korea, exports to China accounted for about a quarter of the total, and in the automotive and semiconductor industry, exports are reduced. In accepting the PMI survey, south Korean companies replied that “new orders from customers at home and abroad, reduced the production”.
In February, the south Korean exports (speed) fell 12.2% year on year, compared with January (down 18.8%) drop. However, HSBC bank (HSBC), according to the analysis of “from as a leading indicator of manufacturing PMI’s new export orders deterioration, South Korea’s export recovery unsustainable”.
Electronic parts as the main export products of Taiwan because smartphones also slowing demand and LCD panel prices and reduced the production. In Hong Kong, due to the slowdown in new orders and the tourists from mainland China, good degree of decline, cut employment trend is expanding. Even appear more strong Singapore, external demand also shows signs of abating.
Vietnam PMI from deteriorating, but three consecutive months above 50. On China’s export proportion was only about 10% of the total, less than South Korea and China Taiwan, so the new export orders signs of recovery.
In addition, for the growth of emerging market countries, the us federal reserve board (FRB) increases in interest rates caused by countries’ currencies against the dollar continues to be risk factors. In Malaysia, because in the value of the currency ringgit, rising raw material prices, squeezing profit margins.
In Indonesia, metals, chemicals and plastics industries because of the rupiah depreciation of procurement costs become a heavy burden.
Resource importer of India to consumer goods as the center, on the other hand, maintain the strong. Due to the rupee, the raw material such as metal, special steel prices rose, but due to benefit from the crude oil prices, offset the negative impacts. Falling inflation pressure to expand the room for monetary easing, also further enhance the credibility on the economy..
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