Do you think shipping from China will be stopped?

[rsot]

Originally Posted by agent006140

I would like to know why 5 millions left Wuhan before the lockdown,it cant be they are all going to celebrate Chinese NY with family and friends.
Also when are they going to find out which animal is the carrier,some said it is the snake?
But some said no-they have racoon dog,bears,hedgehog,deer and wolves.

Lot of ppl migrate in China for work from the countryside as far as I have learned - something to consider - then the lunar new year allows for longer holiday break to go back to see friends and family...

[agent006140]

Bloomberg /Singapore
Several Chinese provinces have taken the extraordinary step of extending the Lunar New Year holiday to help curb the spread of the deadly coronavirus.
Now commodity traders are assessing the impact of the shutdown in the world’s biggest energy user and steel and coal producer.
Regions accounting for about 90% of copper smelting, 60% of steel production, 65% of oil refining and 40% of coal output have told companies to delay the restart of operations until at least February 10.
That will likely dent China’s output of many key commodities and may hurt its demand for raw materials, though the extent is less clear as some facilities run at least at partial utilisation during the holiday. The Lunar New Year period is disruptive even in normal years, with many factories and businesses shutting down for about a week to allow workers to travel home.
There’s usually an anticipation of a jump in manufacturing activity after the break, but that outlook is muddled amid the unprecedented extension, adding to uncertainty over the economic impact of the virus. China’s trade council said it would provide force majoeure certificates to companies that are unable to meet international commitments.
The extended holiday affects the following areas with a total population of more than 850mn:
Shanghai, Chongqing, the autonomous region of Inner Mongolia and provinces of Guangdong, Zhejiang, Jiangsu, Hebei, Anhui, Fujian, Yunnan, Shandong, Henan and Jiangxi have said businesses need not start operations until at least February 10. Hubei province, where the virus-hit Wuhan city is located, has said the holiday will last until at least February 14.
China is the world’s biggest producer of steel and refined copper, and the regions extending holidays house the bulk of the country’s capacity.
Some steel mills in Shandong are already planning to cut output as they have trouble procuring raw materials while orders have dwindled, according to an industry report. Logistics and labour are challenged amid reports of port disruptions and transportation lockdowns.
Even if mills and smelters are able to produce, demand may be hampered by a slowdown in construction activity as workers struggle to return to their home cities. The impacted regions include most of China’s oil refining capacity, led by Shandong province, which is home to most of China’s independent processors known as teapots.
Refineries typically continue operating even during holidays because of the danger involved in shutting and starting units full of volatile chemicals.
The biggest hit could be to demand for fuels as people stop driving to work and transporting goods. Oil traders expect Chinese refiners to cut operating rates, with the teapots in Shandong seen as particularly vulnerable. The regions combined will account for more than half of China’s livestock industry, according to official statistics for the first quarter of 2018, the latest available data.
The industry has already been hit hard as African swine fever decimated pig herds across the country.
The government-mandated quarantine in Hubei province, the epicentre of the disease, is now pushing a flock of more than 300mn chickens to the “edge of death,” according to the region’s poultry association.
Almost 75% of China’s liquefied natural gas imports arrive at terminals in provinces with the extended holiday, according to Bloomberg calculations.
While they have continued to receive cargoes over the holiday period, according to ship-tracking data, some of the fuel will be distributed on tanker trucks and may be affected by road closures.
Chinese LNG traders currently see no impact on imports, but the holiday extension will likely sap factories’ natural gas consumption.
City gas and gas-powered vehicles may also be affected by weaker demand from commercial sectors.
China mines and uses half the world’s coal.
Inner Mongolia, one of the affected areas, is the biggest producing region and supplies more than 1bn tonnes a year.
Even then, the impact of the output deferment will likely be mixed.
While many mines will delay restarts due to the virus, some large mines will continue to operate, according to the country’s leading industry group.
In terms of demand, the resumption of operations at downstream industries including cement and steel will be a decisive factor

[sax4]

I was planning a trip to an Asia country for the next few weeks, had no idea where I was going, South Korea, Japan, India, Sri Lanka, or Vietnam

I will stay in Europe for the first winter in recent years

[aspkin]

I had a trip planned for Vietnam in March. Fully paid for already.

I think I will not go. :(

[prodigyace]

Originally Posted by aspkin

I had a trip planned for Vietnam in March. Fully paid for already.

I think I will not go. :(

Can I get an oof in the chat

[james13v]

Originally Posted by aspkin

I had a trip planned for Vietnam in March. Fully paid for already.

I think I will not go. :(

does travel insurance cover that?

[agent006140]

304 death/14380 cases so far ,I think the numbers are too low.
MA has its first case,and now NY
i wont even go to eat in a restaurant and I will shop for grocery on weekdays or weekends before the crowd.
I will avoid ethnic stores.
this is going to impact local economy if consumers dont want to go to restaurants,theatres,book stores,gift shops,travel.
Hello Fresh has been delivering meals to my home after I cancelled my trial,it looks like every time you log onto your account,it re activates your meal plans,pretty sneaky ?

[james13v]

Originally Posted by agent006140

304 death/14380 cases so far ,I think the numbers are too low.
MA has its first case,and now NY
i wont even go to eat in a restaurant and I will shop for grocery on weekdays or weekends before the crowd.
I will avoid ethnic stores.
this is going to impact local economy if consumers dont want to go to restaurants,theatres,book stores,gift shops,travel.
Hello Fresh has been delivering meals to my home after I cancelled my trial,it looks like every time you log onto your account,it re activates your meal plans,pretty sneaky ?

Do you play the lottery? Because if you're worried enough to change your life that much, you really should be playing the lottery, if you feel your chances are that good in life.

[agent006140]

I do what I do,you do what you do.
I dont see your name on my paycheck/

[phaz0rz]

What's a paycheck?

[phaz0rz]

Latest data: (made small to not stretch forum)

[rsot]

Originally Posted by aspkin

I had a trip planned for Vietnam in March. Fully paid for already.

I think I will not go. :(

Interesting trip but...decisions to be made...

[james13v]

Originally Posted by agent006140

I do what I do,you do what you do.
I dont see your name on my paycheck/

You receive a paycheck? Guess you're not very good at this ebay thing huh. Nor very good at understanding my point. Or understanding jokes. or just, understanding. Clearly I didn't actually imply you should play the actual lottery, with " your paycheck", but just mocking your complete lack of understanding about statistics and probability