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    The darkest period of China's machinery industry has passed.
    Release time:2020-03-18 Browse times:
    The recovery of the machinery industry will evolve from downstream special equipment to parts and components to general equipment such as machine tools. The recovery is a gradual process. At present, demand starts mainly from domestic demand, such as railways, highways, subways and other projects. If private investment and exports recover in the second half of the year, the most obvious benefit will still be in the construction machinery industry, and the general recovery of machine tools and other shipbuilding industries will lag behind. As the price of raw materials continues to rise, it is expected that the profit of the machinery industry will improve in the second half of the year.

    The machinery industry is currently in the process of a mild recovery. In the first half of the year, due to insufficient capacity utilization and product price reductions, the interim report performance was generally lower than expected. Especially export-led industries such as ships, forklifts, and bulldozers have not yet reached a trough, but the darkest moment in the industry is considered to have passed.

    In the rainy season in July, the sales volume of construction machinery products fell month-on-month was normal. Benefiting from infrastructure construction, sales volume of truck crane excavator concrete machinery has been increasing year-on-year for two consecutive months, and sales of earthmoving machinery loaders and bulldozers have been flat. The growth of new construction is a forward-looking indicator. Even if it is falling, it is at a historical high. It is believed that the sales of construction machinery in the second half of the year will be off-season.

    The output of domestic CNC metal cutting machine tools rebounded. For the first time in July, machine tool exports achieved a year-on-year growth.

    Export demand bottomed out, and signs of a rebound are not yet obvious. South Korea ’s construction machinery sales continued to rise in June, down by about 40% year-on-year, and the decline was narrowed; Japan ’s construction machinery sales only recovered to 30% -40% in the same period last year. German factory and machinery orders fell 46% year-on-year, compared with May Narrowing; US machine tool orders in June fell by 64% year-on-year, and Japanese machine tool orders were still only 20% of the same period last year.
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