Invoice Factoring

Since the financial crisis, global oil demand has been flagging. From the beginning of this year, including the International Energy Agency, the U.S. Energy Information Administration and OPEC forecast, including the three major organizations are the latest oil supply and demand report, world oil demand this year is expected to fall again, fall record low.

Since the financial crisis, global oil demand has been flagging. From the beginning of this year, including the International Energy Agency (IEA), the U.S. Energy Information Administration (EIA) and OPEC forecast, including the three major organizations are the latest oil supply and demand report, world oil demand this year is expected to fall again, fall record low.

The three bureaus let down oil demand

Energy Agency is commonly founded on international GDP development outlook for oil demand, and not too long before, the International Monetary Fund (IMF) considerably decreased the outlook of international GDP, said the international finances to shrink this year, up to 1% for the first time since World War II contradictory development, last modified development outlook of 0.5%.

A note, the world’s foremost power forecasting bureaus have let down this year’s international oil demand forecast.

Published in the newest IEA monthly report that international oil demand outlook down to 83.4 million barrels / day, for 29 years to fall the large-scale, the number is the smallest 5-year values. Among them, the evolved nations, demand for oil this year, dropped 4.9 per hundred last year, evolving nations may be the first time since 1994 emerge down turn in demand for crude oil.

In January this year to April, IEA for 2009 worldwide oil demand is looked frontwards to to progressively descent, descent of 430,000 barrels / day, down 1 million barrels / day, down 1.2 million barrels / day, as well as the descent in the freshly liberated 240 million barrels / day. “At present, the step of worldwide monetary recession comparable to the early 80s of last century.” IEA said in its report.

Not only that, regardless of 14 months EIA4 short-term power outlook issued as pessimistic IEA said, but pulled down by financial down turn, which will extend in 2009 on international oil demand approximates smaller than the March number 180,000 barrels per day.

OPEC furthermore in a couple of days before for the first 8 months of this year to slash its international oil demand forecast. OPEC said world oil demand in 2009 approximates will be a every day decrease of 430,000 barrels a day, decreased to 84.18 million barrels / day. Last month, OPEC forecast world oil demand this year will be decreased by 1.2%.

Is the principle source of the worldwide monetary downward spiral

Forecast for the identical three foremost organisations of international oil demand will be the major origin of down turn attributed to the economic urgent position conveyed about by the international financial downturn.

OPEC, in its monthly oil market that the international financial worsening proceeded to inhibit development in oil demand, particularly in inhibiting the United States, Japan and China’s oil demand growth. Industrialized nations, oil demand will down turn this year, while oil demand in evolving nations may be a minor increase.

IEA accepts as factual that the world’s biggest oil buyer the United States, power demand is considerably smaller demand for crude oil this year, the major cause, but has been glimpsed as motors of international power in China and other appearing markets, have furthermore started to display indications of decline.

Energy consumption as the world’s major powers, the United States in the fourth quarter of 2008 the economy will shrink by 6.3 percent, about the worst performance in 25 years. Economists expected the first 3 months are also the weak performance of the economy, some economists expect the economy contracted by 4 ~ 5%. President of the United States, notwithstanding the recent Obama and the issue of Federal Reserve Chairman Ben Bernanke on the U.S. economic outlook optimistic assessment warmer, but many economists have been questioned.

The IEA report predicts that China is likely to usher in 2009 for the first time in 19 years a drop in demand of crude oil, the rate will reach 1%. And other emerging economies, oil demand was reduced by 0.1%.

IEA said in the report, comprehensive in January and February written knowledge, the prevailing Chinese oil demand over the matching interval plunged 6.9%. In this view, some skilled population trust that: “January and February of the descent in oil demand, on the one hand, the consequence of monetary critical purpose, a general descent in the production vegetation running rate, slower expansion in the petrochemical industry. On the other hand, taking into account the goods produced element in the Spring Festival break from work plants . ”

In addition, the General Administration of Customs of China released data show that China’s March crude oil imports of 3.86 million daily barrels, more than the imports in February increased 33 percent. This is also China’s crude oil imports hit a high of over the past year, only in March last year, the highest point of the 17.3 million tons less 960,000 tons.

Recovery in demand as early as next year

Three forecasting administration in the report in addition when oil use is envisaged to change the tide.

In mid-March, New York oil costs in 50 U.S. dollars this year on the first return. IEA considers that the fresh rebound in crude oil is due to more elements, but the greatest determination element in oil costs is still deliver and demand, and the carrying on worldwide monetary fault in the short time span will not change on the worldwide oil demand is looked frontwards to pessimistic.

The EIA furthermore said that international oil provide as OPEC decreased oil output to decrease considerably counteract by the international financial recession initiated by down turn in oil demand effect. EIA professionals, the latest down turn in oil charges OPEC to constrain yield and to a unassuming rebound in prices. EIA furthermore advised that the influence of international financial worsening, the United States mean cost of crude oil this year is approximated to be 53 U.S. dollars a barrel, if the finances retrieve its up tendency in 2010, then oil charges will increase to round 63 U.S. dollars a barrel.

Low in the international oil utilisation, the OPEC constituents will obey firmly with the output designs have been announced. OPEC’s report displays that in March by the output quotas of the 11 OPEC constituents to decrease output in February more than 245,000 barrels a day, still higher than the aim of 720,000 barrels of high yield. OPEC acquiesced in March in the implementation rate of 83 per hundred, while the chronicled mean grade of about 60%. Market participants have said that “the implementation of the rate of 60 per hundred is much higher than the chronicled mean grade of OPEC may be the implementation of the design is the best performance.”

Moreover, OPEC’s point of view also in the event of changes, more and more people believe that oil prices rose to around 50 U.S. dollars a barrel has become a compromise price, producers can meet demand, they can fight hard with the economic recession of the consumer were acceptable. Therefore, it is generally considered the market, OPEC production agreement is unlikely to further improve the degree of implementation.

Published monthly IEA report also forecasts the global economy and demand for crude oil in 2010 will it be possible to recover, as the last century, the early 80’s for 4 years decline in demand for crude oil will not occur.

Consulting stringent Alix Partners pursued the fresh survey demonstrates that China’s auto sales this year of upheld growth, the automotive parts providers are facing dangerous liquidity difficulties, may lead to finance in the next 12-18 months, the drop of .

Because many Chinese auto parts suppliers to rely on export income, so they can not take full advantage of the robust performance of the domestic market. Alix Partners, said in the report, from a historical point of view, China’s auto parts industry, about a quarter of revenue comes from exports. 40 participating in the survey about 60% of enterprises said they would actively expand the domestic market to compensate for the decline in revenue.

More severe market conditions, it also uncovered the Chinese automotive constituent provider in the authorities of the give chain and operational deficiencies. Chinese businesses deficiency more toiling finance more than double global counterparts.

Alix Partners, said the fourth quarter of last year, China’s auto components suppliers employed capital desires of the mean was 74 days (calculated founded on mean sales revenue), contrasted with 37 days for U.S. and European companies. Alix Partners said that the profitability of outlook, the presentation of Chinese enterprises as alike enterprises in the world, only the mean earnings margins of U.S. businesses is even smaller than China.

Involved in the investigation of 40 companies, said more than 20% net loss in 2008, half of this year, the company forecast profit margins less than 5%. Even so, China’s auto parts suppliers are still looking for mergers and acquisitions on domestic and international market opportunities.

Shanghai Auto Show, the brand has become the largest independent bright. Among them, the creation of the first quarter sales increase of 72% of Chongqing Lifan automobiles, attracted a lot attention.

The scene in the show, executive vice president of Lifan Group, Guan-Feng Jin told reporters that the listing of Lifan cars are tense during the preparatory process, the time planning is that the second half of the submission of a listing application should be after two years in the A-share listed .

According to him, Lifan motor vehicle performance in the capital have made good improvement, with the support of the U.S. AIG gathering very efficiently so far, AIG has been the Group’s 13 out of 100 stake in Lifan. Lifan has this part of the finance employed in the automotive development of new products.

Lifan Automobile Co., Ltd., general supervisor of sales, said. “Lifan first quarter of the boost in the number one emblem in supplement to stimulating nationwide principle, but furthermore with the business merchandise line in time can not be divided from the rich. In January, presented a hefty vehicle Lifan Lifan 620 forms elite version. 2 month, the 620 Lifan motorcycle sales recorded on more than two years more than 520 forms of Lifan, Lifan has become the major forms of engine vehicles. ”

According to him, Lifan’s sales goal this year is “Paul 6 for 7 (million),” On the trade items edge of the aim is 30,000.

Guan-Feng Jin explain to reporters the company’s product development planning, Lifan will be launched in the second half of this year their own micro-surface. Lifan surface in micro-planning of the production capacity is 20 million units, with the cars separately from the production site. Surface in micro aspects of the sales channels, Guan-Feng Jin, said the network will not use cars from the existing network of more than 6,000 motorcycle dealers to select high quality.

In augmentation, the Lifan drive vehicle has been erected structure a goods produced foundation in Inner Mongolia, will be the goods produced of SUV types, registered in July next year.

Thirteenth session of the Shanghai International Auto Show April 20 to start soon. The exhibition scale came a record total of 170,000 square meters, acing for a 20% enhance in the terminal demonstrate, and there are 13 motor vehicles in the auto demonstrate the world the first time. Global automotive giants in the sunshade of economic calamity, is immobile supposed China as the bulk noteworthy overseas markets.

Market outshines China

Affected by economic urgent position, the international worsening in the state of the general automobile market. Organized by the starting of the year in the United States, one of the world’s five biggest auto display in Detroit auto display, the number and dimensions of booths with more than 2008 have considerably decreased, there were Mitsubishi, Land Rover, Suzuki vehicles, Ferrari, Rolls Royce, Porsche broadcast its departure from the Detroit Motor Show and so on. Display dimensions and number of exhibitors has turned down markedly. After the Geneva Motor Show is not satisfactory. Although the U.S. auto monster to take part in the Geneva Motor Show, but considerably decreased the dimensions of exhibitors.

In September this year, the Tokyo International Motor Show is more dilemma, Japan Automobile Manufacturers Association announced on the 24th, this year held in the fall of the 41st Tokyo Motor Show, exhibitors 122 enterprises, only half of the last show. Japan Automobile Manufacturers Association (JAMA) said the 2009 Tokyo Motor Show a few days ago may face cancellation. At present, some foreign car manufacturers have decided not to attend the Tokyo Motor Show in 2009, and some Japanese exhibitors also recommended the abolition of the show.

The Shanghai Auto Show, American businesses bound by vehicle front, GM has selected Shanghai GM junction public displaying with the perform, do not propose to debut new models. Ford’s brandish locality has been tapered significantly. However, China still is the world’s foremost auto manufacturers do not desire a part of missing poised.

In cold weather the global financial crisis, the Chinese auto market itself. The first two months of this year, the European car sales fell 25.8 percent, Japan and South Korea fell 20.2 percent, North America sales fell 37 percent, fell 9.8 percent in South America, Southeast Asia fell 12.5 percent, an increase of only 3.1 percent in China.

Strong demand for the Chinese market can not be underestimated, in the introduction of “planning the revitalization of the auto industry to adjust” and related measures, the rapid warming of the Chinese automotive market has surpassed the United States for three consecutive months as the world’s largest new car sales market. The first quarter, China’s auto production and sales started climbing up, respectively, 2,567,600 and 2,678,800, an increase of 1.91% and 3.88%. Among them, both in March vehicle sales over one million, a record high. It is clear in the global automobile market, “winter” time when China has become a key global trade market attention.

Promotion of International Trade, China Shanghai Branch, president of Cen Furong said that this year’s Shanghai auto show on the absence of a number of enterprises and parts of the vehicle but left the background, but many car companies still shy even pocket money exhibitors, China is still a their hearts the most important overseas markets.

Continue to be optimistic come seal China’s future

20 Porsche in the thirteenth meeting of the Shanghai International Automobile and Manufacturing Technology Exhibition on the first time the world issued a new form Porsche Panamera. The Shanghai Auto Show, Porsche booth to record a full variety of Porsche accommodate a total of 15 forms, with the top and smaller grades of the booth space for more than 1 1000 five century rectangle meters total area.

Panamera in Shanghai for the world premiere auto display, Porsche one time afresh emphasised the significance of the Chinese market. Porsche Automobile Holding Europe AG, head individual and head boss to get Wei (Wendelin Wiedeking) said: “Panamera at the Shanghai International Motor Show the first to completely illustrate our flourishing Asian market, the firm self-assurance that we will depend on these markets, and completely accept as factual that the future financial promise of the market. “Porsche (China) Motors Ltd. head boss Helmut Broeker furthermore said the powerful display in Shanghai debut, Porsche verified hopeful about the Chinese market, and search China’s long-term development.

Mercedes – Benz in the Chinese market has sustained powerful development momentum. First quarter of this year sales of 11,000, an boost of up to 30%. Monthly sales in March come to more than 5000 vehicles, an boost of 50 per hundred, a record high. The display will be at its centre Mercedes-Benz E-Class Mercedes-Benz goods in Asia in the first election in China, then China will be the first to insert a certain allowance of imported E-Class sedans. Chairman of the Board of Daimler Automotive Group and Mercedes – Mercedes-Benz Car Group, said Zetsche, leader of international, all these activities have emphasised the Mercedes-Benz is pledged to in China the world’s biggest auto market to accomplish sustainable development. Zetsche said: “This jump, the international automotive commerce gaze ahead to one time afresh full of the views of China, mostly because of two causes, first, the Shanghai International Motor Show has become the world’s most significant auto display in the ranks; Second, other components of the world finances contrasted to China’s financial development continues robust. ” Honda Senior Managing Director and Chief Minister of the Chinese fighters after the Atsuyoshi in the auto display that China’s era of self-reliance in the world has arrive to an end, in the Honda in the international circulation of vigilance in China is furthermore rising. Atsuyoshi after fighters said that 2009 is a very significant year, the market scale of the compare has altered, the international auto market the major battlefield of the move to China by the United States.

Mazda cars in the first quarter of China’s growth rate more than 22%, sales of 37,217, a record since landing the Chinese market in 2001 the highest year-on-year sales record since. Mazda (China) Co., Ltd. knife too hung chul, chairman of the auto show that projections indicate that this year the Chinese market will catch up with the United States as the world’s first regional automobile market, Mazda will be more efforts to contain the tremendous business opportunities in expanding markets in China .

Focus on built-up green traffic

The auto demonstrate, car prices in principle science and mechanical supplies and biological vindication become all the more noticeable conviction. Mercedes-Benz by the avant-garde for the couple Smart Fortwo car in April this year, has just recorded in China, Mercedes – Mercedes-Benz Car Group sales and marketing executive vice president of Meyer said that China’s expansion momentum of swift urbanization, every 10 months the elevation of a city will be created to the same New York. Meyer believes that this cutting-part low-fuel consumption cars, parking convenient and appropriate for China’s urban traffic conditions.

Nissan will be the first one to arrive at China for the future of custom-made compact urban thought car electric-powered NUVU placed in the inside hall. NUVU as “an oasis of Mobile,” the mini cab is the natural selection of organic and recyclable materials, panoramic sunroof in the visible supplies, such as the small green withdraws solar panels, will produce the energy transfer to the storage battery car , 3-meter-long motor vehicle with unique 2 +1 armchair arrange, more appropriate for future urban transport. In China, Nissan has also hidden no time in taking a broader exercise of electric-powered motor vehicles is essential step. April 10, Renault – Nissan alliance and the Ministry of Industry and Information, Wuhan Municipal Government signalled the ad of electric-powered motor vehicles on the memorandum of understanding.

Hyundai Kia Motors’s ecological topic of “Blue Drive Blue Exhibition Hall” has become the focus of Hyundai booth. As early as the end of 2008, Hyundai Kia Motors leader Chung Mong-koo has been suggested to little and medium-sized forms, power keeping and ecological defence form innovation urgent position and conclusively to reinforce R & D decision. Hyundai-Kia said the business lately presented the Chinese government’s “energy-saving and new power vehicle demonstration capital to encourage economic aid Interim Measures for the Administration” will help Hyundai-Kia Motors in the new power of the increasing automotive market furthermore assisted to the Hyundai Kia Motors to extend boost the input of the Chinese market.

Atsuyoshi fighters after that, China has step-by-step become the mainstream of the world market, but to become a mighty vehicle, there should be government, enterprises and buyers the efforts of the Trinity. Government agencies to lead China to become a actually mighty vehicle, it is essential for ecological defence, security, thoughtful house privileges and other areas to evolve before other nations, with a form system. Car will not only lift the capacity to glimpse, but furthermore should be in the “quality” and strive to lead the area. At the identical time, the genuine power obligations of automotive buyers with mature shrewd cipher of perform, buyers furthermore need to change one’s sense.

According to Japanese media, transmitted today the possibility of the Shanghai auto demonstrate, by Japan’s principle automobile production plants hopeful attention. Automobile market in the world are below the premise of recession, as a minority of the market is immobile growing, one of the principle production plants have been given a novel car sales growth in a lot of expectations.

Toyota’s largest in the history of the display area of 4500 square meters, features include high-end brands, including about 50 Lexus models, but also to begin production in March from a small SUV the new RAV4; from May China started the production of medium-sized SUV Randa Han. Katsuaki Watanabe, president visited the Motor Show will also be the scene in the Chinese market in addition to Toyota cars, small cars has increased beyond the now popular in China’s SUV market, the new models, hope 2008 585000 ( increase of 17%) on the basis of a higher level.

On the other hand, Honda models are 19 exhibitors, from the innovation of February of the cutting-part sales in Japan-based Honda Insight hybrid in China issued the first time. China’s awareness of the subject of global warming leisurely louder, Honda will take this to the user summoned on biological technology. In supplement, Nissan also has a small car to a car full of high-level exhibition, the penetration of the brand strength to enhance again.

The Chinese market last year, sales of new vehicles after the United States graded second in the world. Taiwan come to 9.38 million. Although the economic urgent position, since last drop, China’s vehicle sales were furthermore decreased, but the starting of January this year the Chinese government 1600CC displacement of the little vehicle to take following the buy of the levy assesses taken, for example assesses to stimulate utilisation , As a outcome, in March the preceding year sales development of about 5 per hundred year-on-year. “More than 2009 new vehicle sales to the United States first in the world,” analysts believe.

Shanghai Auto Show, out-of-doors the bivouac in Japan, manufacturers, BMW in Germany and is undergoing reconstruction, for example General Motors manufacturer in the world’s foremost affray for the next lifetime of ecological forms and notion vehicles are furthermore participating. More than 10 new vehicles will be the world’s first here, a outcome, fierce “battle” and shortly started.