On March 24, in order to curb the spread of the new coronavirus epidemic, the Prime Minister of India announced a 21-day nationwide lockdown. When India implemented the world’s largest national lockdown due to the COVID-19 epidemic, India is an important import and export country of textile products in the world. In view of the long lockdown period and the uncertainty about the outbreak of the epidemic in India, we need to pay attention Impact on global, especially Chinese textile products. Because this is the real “king bomb”!
The world’s third largest crude oil consumer India’s oil demand plummeted by 70%
According to Indian refinery sources, crude oil demand in the world’s third largest oil consumer has plummeted by up to 70%.
The figure underscores the challenges facing oil-producing countries as they negotiate production deals and try to revive the global energy industry. According to Indian refinery sources, given that India’s three-week nationwide lockdown is scheduled to end on April 15, India’s full-month oil consumption may average only 50% of last year’s level.
This is equivalent to a staggering 3.1 million barrels per day drop in oil demand, according to data compiled by Bloomberg. The 10 million barrels per day production cut by the world’s largest oil producer means that India alone will offset one-third.
“This is an unprecedented situation, I have never encountered anything like this in my life,” said R.S. Sharma, former chairman of Oil and Gas Corp., India’s largest oil producer. “The market is very volatile and things are going to get worse,” said Sharma, who led oil and gas companies during the 2008 financial crisis.
The scale of the demand contraction also indicates that India may plan to increase its strategic oil reserves. The country has only 15 million barrels of spare capacity in its strategic reserves. Spokespeople for India’s oil ministry and state refiners Bharat Petroleum Corp. and Hindustan Petroleum Corp. declined to comment.
The lockdown measures have had a devastating impact on fuel demand. The production capacity of India’s three state-owned refineries accounts for more than 90% of national fuel sales. According to the above-mentioned people familiar with the matter, these refineries predict that gasoline demand will fall by 60% in April compared with the same period last year, and diesel demand will decrease by 40%.
More than 50,000 containers are stranded, and the peak period of contract cancellation may be coming in late April
Affected by India’s lockdown, India’s trade, production, transportation (including shipping, shipping), exchanges and other activities have been significantly reduced or even canceled for more than two weeks.
According to statistics, as of early April, many ports in India were shut down and more than 50,000 containers were stranded. India’s entire industrial chain, including cotton processing and export, cotton gauze production and sales, clothing, and foreign trade, has been severely impacted. Not only has the operating rate of textile and garment enterprises dropped sharply and closures increased, but the unemployment rate continues to rise.
An Indian cotton exporter said that due to domestic cotton consumption demand since late March, cotton exporters have pressed the “pause button” at the same time; in addition, European and American purchasing companies, retail Businessmen have canceled orders in large numbers or postponed shipments indefinitely, so the situation is deteriorating step by step. It is hoped that government departments will lift the “country and city lockdown” measures as soon as possible so that cotton textile production and cotton yarn export business can return to normal.
From the investigation, due to India’s lockdown and the sharp drop in cotton prices, some cotton and cotton yarn export contracts were unable to be executed, and the contracts were actually broken; once it is still unable to be shipped and fulfilled around late April contract, then the peak of breach of contract will come as scheduled.
The number of infected people is likely to exceed 100 million in the future! India is the biggest black hole in the development of the epidemic so far
Recently, some media said that the Indian government working group recommended lifting some of the blockade measures. Judging from the timing, it is possible that the Indian government will unlock the country in mid-April. However, in fact, the speed, harm and low prevention and control capabilities of the epidemic in India greatly exceeded the predictions of the government departments. The WHO and some international medical institutions unanimously agreed Point the next “epicenter” of the epidemic to India and Africa. Zhang Wenhong, leader of the Shanghai Medical Treatment Expert Group, said in a recent interview with CGTN that the global epidemic does not depend on the country that controls it best, but on the country that controls it the worst. “As long as there is one country in the world that fails to control it,” the virus “will spread to the whole world.”
When the new coronavirus epidemic occurs in India and Africa, it can be accurately said that the new coronavirus pneumonia is a human disaster. The whole world must unite to help countries with insufficient medical resources fight the epidemic. .
India has a large population base, high density, low medical level, and poor sanitary conditions. In terms of fighting the new coronavirus, India can be said to have the unfavorable conditions of China and the United States for epidemic prevention. It stands to reason that the number of infections in India should far exceed that of China and the United States, but so far India’s infection data are extremely low, so low that it cannot be ranked. Don’t you think it’s strange? India is the biggest black hole in the development of the epidemic so far. The number of infected people is likely to exceed 100 million in the future, becoming a disaster for mankind.
On April 2, India had a total of 2,069 confirmed cases and announced a country lockdown. But this is certainly not all. From the outbreak of the epidemic to now, India has only tested a total of 18,383 samples. Note that it is the samples and not the number of people. seal�In the first five days, the highest rate of testing in India was only 1,338 samples a day, and the capital only had 100 testing quotas a day. India does not have the capacity to manufacture testing reagents and must purchase them from abroad. However, India previously imported 1 million boxes of reagents from Germany, and has only used 18,000 boxes so far. At this rate, these one million boxes of reagents can be used until 2023…
In India, not only is the testing speed slow, but the people are extremely uncooperative, and some people even beat medical staff who come to do door-to-door screenings.
A few days ago, India blocked all public transportation and asked 100 million migrant workers across the country to go home, but did not provide any way to go home. Then a miracle in the history of the world happened. Hundreds of millions of Indians gathered in groups and walked home in a mighty way. With such a dense crowd, is it because the infection cannot spread quickly enough?
A report from Johns Hopkins University and Disease Dynamics shows that India will reach the peak of infection on May 5, when 250 million people will be infected. . Note that the unit is billions, not tens of thousands. Indians are not immune to all diseases, but without testing, there is no diagnosis. But the absence of a confirmed diagnosis does not mean that the virus does not exist.
Companies are eager to unlock and lift the ban, but I am afraid it is just wishful thinking!
As an important import and export country of domestic textiles, although cotton, textile and clothing companies are eager to unlock and lift the ban, I am afraid it is just wishful thinking. The specific reasons are as follows:
First, the epidemic in India is accelerating its spread to slums, which may make the country another outbreak center in the world;
Second, the testing capacity is insufficient and excessive. High testing standards and costs have restricted India’s expansion of testing coverage;
Third, the spread of believers after migrant workers returned home and religious gatherings led to scattered outbreaks and lack of necessary medical conditions The epidemic has caused a humanitarian crisis in India.
With the exposure of the epidemic in India, some experts predict that the number of infected people in India is likely to exceed at least 200 million, and the outbreak period should be in May. The editor boldly predicts that countries with poor control such as India may become the stepping stone for the “second dip” of the global textile economy. </p
