Prices
February 20, 2020
CRU: Covid-19 is Spreading Through the Auto Industry
Written by Zanna Aleksahhina
By CRU Multi-Commodity Analyst Zanna Aleksahhina
As of Feb. 19, the outbreak of coronavirus Covid-19 has killed more than 2,000 people, infected over 75,000 others, and put millions in self-isolation. Aside from the human tragedy, the virus poses a real threat to the Chinese economy. The automotive industry will be hit hard, and we expect Chinese automotive production to be pushed further into recession in 2020. The automotive industry is one of the most complex and highly integrated global supply chains. The disruption of China’s market has global implications; expect the effects to ripple through the industry.
