Domestic epidemic repeated, foreign also do not stop, “vigorous” strike wave to attack!
Strike wave is coming! Global supply chains is impacted!
Affected by inflation, a series of “strike waves” occurred in Chile, the United States, South Korea, Europe and other places, which had a serious impact on the local logistics system, and also affected the import, export and stock of some energy chemicals, which may further aggravate the local energy crisis.
The largest refinery in Europe began to strike
Recently, one of the largest refineries in continental Europe has begun to strike, leading to the increasingly serious diesel crisis in Europe. Under the comprehensive role of labor operations, crude oil products, and the European Union’s preparations for cutting off Russia’s supply, the EU’s energy crisis may increase.
In addition, the British strike crisis has also erupted. On November 25, local time, Agence France -Presse reported that the Royal Institute of Nursing College, with 300,000 members, officially announced that the national strike will be held on December 15th and 20th, which has not been held since 106 years. What’s more vigilant is that other industries in the UK are also facing the risk of large -scale strikes, including railway workers, postal workers, school teachers, etc., all start to protest high living costs.
Chilean port workers unlimited period strike
Workers at the port of San Antonio, Chile, continue to continue. This is Chile’s largest container terminal.
Due to the strike, seven ships had to be diverted. One car transport ship and one container transport ship were forced to set sail without completing the unloading. Santos Express, a Hapag Lloyd container, is also delayed at the port. It is understood that strikes have severely damaged the entire logistics system. In October, the number of standard boxes in ports fell by 35%, and the average of the past three months has decreased by 25%.
Korean truck driver holds a big strike
South Korea’s cargo truck driver joining the union is planning to start from November 24 to hold the second national strike of this year, which may cause the manufacturing and supply chain of major petrochemical factories.
In addition to the above -mentioned countries, U.S. railway workers are about to organize a major strike.
The US “strike tide” caused the loss of over 2 billion US dollars per day,
A variety of chemicals may be off supply.
In September, under the intervention of the Biden government, a super strike of the largest 30 years in the United States in 30 years that will lead to a loss of up to $2 billion，the US railway workers’ strike crisis announced!
The U.S. Railway Corporation and Trade Unions reached a preliminary agreement. The agreement shows that it will increase the salary of employees 24%within five years from 2020 to 2024, and pay an average of $ 11,000 to each union member after approval. All need to be approved by the union members.
However, according to the latest news, 4 unions have voted to oppose the agreement. The US railway strike will be held as early as December 4th!
It is understood that railway traffic suspension may freeze nearly 30%of cargo transportation in the United States (such as fuel, corn and drinking water), which trigger inflation, which causes a series of transportation in the transportation of US energy, agriculture, manufacturing, healthcare and retail industries question.
The U.S. Railway Federation previously stated that if an agreement cannot be reached before December 9, the United States may have nearly 7,000 shipping trains falling into a pause, and the daily loss will exceed $ 2 billion.
In terms of specific products, rail companies said last week that freight railroads have stopped accepting shipments of dangerous and safety-sensitive materials in preparation for a possible stoppage to ensure sensitive cargo is not left unattended and poses safety risks.
Remember the last strike in the United States, LyondellBasell, the leading domestic petrochemical producer, issued a notice saying that the railroad company had imposed an embargo on the shipment of its hazardous chemicals, including ethylene oxide, allyl alcohol, ethylene and styrene.
Chemtrade Logistics Income Fund also said the company’s operating results could be materially negatively impacted. “Chemtrade’s suppliers and customers rely on the rail service to move raw materials and finished products, and in preparation for the strike, many Amtrak companies have begun pre-emptively restricting the movement of certain cargoes, which will affect Chemtrade’s ability to ship chlorine, sulfur dioxide and hydrogen sulfide to customers starting this week,” the company said.
The strike threat has the greatest impact on ethanol mainly through railway transportation. “Almost all ethanol is transported through railway and produced in the central and western regions. If the transportation of ethanol is restricted due to strike, the US government will have to make decisions around the goal.
According to data from the US Renewable Fuel Association, about 70%of the US -produced ethanol transported through railway, which mainly transported from the central and western regions to the coastal market. Because ethanol accounts for about 10%-11%of the amount of gasoline in the United States, any interruption of fuel to the terminal for the terminal may affect gasoline prices.
On the other hand, if the railway strike continues, or the key supply of some chemicals is trapped at the end of the railway, which may also mean that the supplies of the chemicals of the refinery have begun to increase, forcing the factory Essence
In addition, the railway strike may also interrupt the delivery of US crude oil, mainly from the central and western regions to the USAC and USWC refinery Bagaka Barken crude oil.
Remind that the strike may affect some chemical products, downstream manufacturers can prepare for stocking as needed.
Post time: Nov-30-2022