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source international cost drivers report 2018 Q2

ASIA MANUFACTURING COST DRIVER REPORT, 2018 Q2

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The ASIA MANUFACTURING COST of commodity price trends in the second quarter are mostly up across the board with a few rare exceptions. Most grades of plastics, industrial metals, paper, ceramic and glass raw materials all rose in price while only some grades of rubber and alumina for ceramic production were going down in price. Wood prices meanwhile remained mostly flat and Textiles prices were mixed. Petroleum and fuel prices were up in this quarter and labor rates inched up in the lower wage countries. The US Dollar rose a little bit against most of the Asian currencies in Q2. China exports saw up in the quarter while China imports were down. The China PPI was up slightly while the China CPI was down slightly. The PMI USA indexes saw steady improvement in Q2 and PMI China saw maintained while PMI Hong Kong was down significantly. Below is a chart of the general trends and for all the details, please see the entire report.

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shipping containers

SECOND ROUND OF CHINA PRODUCT TARIFFS

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SECTION 301 & 232 TARIFFS UPDATE
Presidential Proclamations 9704 and 9705 on Adjusting Imports of Steel and Aluminum into the United States providing for additional 25% and 10% duties for steel mill and aluminum articles, effective July 6, 2018.
Office of the United States Trade Representative (USTR) issued press release announcing additional tariffs on products imported from China. The additional tariffs are part of the U.S. response to China’s unfair trade practices related to “the forced transfer of American technology and intellectual property” and are still under consideration.

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Ceramic Industry Supplier of the Year Award

CERAMIC INDUSTRY SUPPLIER OF THE YEAR AWARD

Source International (SI) was awarded the 2018 Ceramic Industry Supplier of the Year which was presented on May 1, 2018 via live video stream from the Ceramic Expo show floor in Cleveland. SI is a 30-year-old manufacturing and supply management company with a dedicated team in China, comprising merchandisers, engineers, and quality technicians working directly on behalf of customers to ensure smooth operations that result in quality products.

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ASIA MANUFACTURING COST DRIVER REPORT-2018 Q1

ASIA MANUFACTURING COST DRIVER REPORT-2018 Q1 In the first quarter, there was a clear commodity price trends with most of raw materials in Asia going down in price. Many grades of plastics, steel, aluminum, paper, ceramic raw materials and other industrial metals went down in price while rubber and wood mostly rose in price. Textiles

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International Women's Day

SOURCE XIAMEN CELEBRATES INTERNATIONAL WOMENS DAY

Source International’s Xiamen Office honored all its dedicated women staff on International Women’s Day March 8th.  The day marks a special time to stop and say thanks to all the women on our life and all the love and beauty that they bring to the world every day.

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supply chain managment

WVU GLOBAL SUPPLY CHAIN MANAGEMENT ADVISORY COUNCIL TO MEET

The WVU Global Supply Chain Management Advisory Council, chaired by Jim Lynch, is planning a spring meeting on March 22 and 23, 2018 as part of the Joint WVU Business and Economics Spring Visiting Committee/Advisory Council Meetings to be held at the Erickson Alumni Center on the West Virginia University campus in Morgantown, West Virginia.

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Source International Annual Party, 2018

SOURCE CELEBRATES 10 YEARS WITH LIBBEY

Source International held its 19th annual banquet at the Westin Hotel in Xiamen, China to celebrate the Year of the Dog where Libbey honored Source for 10 years of service with its Distinguished Service Award. The banquet was attended by over 200 people including 30 “Source” children. Read all about the award and the fun at the banquet…

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upbeat on economy

UPBEAT ON ECONOMY – U.S. COMPANIES IN CHINA SHOW INCREASING CONFIDENCE

A recent AmCham China survey of over 400 of its members finds greater optimism about future of U.S.-China relations and its members generally upbeat on economy.  Confidence within the American business community toward China’s economy is strengthening, despite significant concerns about the regulatory environment and the possibility of Trump Administration action against Chinese trade and investment practices.  Some 36 percent of respondents believe relations between the two countries will improve this year, compared with 17 percent last year, possibly influenced by the perceived success of President Trump’s visit to China and that of President Xi Jinping’s earlier trip to the U.S. 

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Source Direct

SOURCE DIRECT AT THE ASD SHOW-SEE YOU THERE!

Please join Source International Managing Partner & COO, Mr. Jim Ullum at the ASD Source Direct Show for Sourcing Seminars that will take place from March 11-14 2018 at the Las Vegas Convention Center. The Source Direct Seminars are all FREE to attendees and are filled with interesting and informative sessions each day. SourceDirect is the destination for all things sourcing.Visit with more than 300 international suppliers, all under one roof. Source Direct at ASD Market Week is the # 1 place where importers, distributors, wholesalers, sourcing professionals and volume buyers can source products directly from factories around the world.  There is no better place to source an array of product mixes; from gift and home accents, to fashion accessories and the latest electronic accessories plus gain valuable knowledge all in one place!

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ASIA MANUFACTURING COST DRIVER REPORT-2017 Q4

In the fourth quarter of 2017, most raw materials in Asia continued their upward movement in price.  Many grades of plastics, rubber, steel, other metals, wood, paper and ceramic raw materials all went up in price while aluminum and stainless steel and many grades of textiles moved down in price. Petroleum and fuel prices are all up in Q4 but Labor Rates and Ocean Freight rates both remained steady. The US Dollar lost a little bit of ground against most of the Asian currencies in Q4 about 1-3%. China imports and exports both saw significant increases in the quarter and, in addition, the China PPI and CPI and PMI indexes all saw a little drop in the final quarter of 2017.  The general trends are represented on our handy chart and for all the details, please download the entire report.

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