Construction machinery is most sensitive to fluctuations in the macro-economic cycle. Under the strong investment promotion and credit promotion, the demand for construction machinery recovered significantly in the first half of the year. In the first five months, although there was still a large negative growth in exports, the sales growth rate showed a trend of rebound. In the first half of the year, the driving force for the recovery of construction machinery mainly came from the infrastructure construction under the active fiscal policy. In the first five months of the current year, the domestic transportation industry completed a total investment of 299.9 billion yuan in fixed assets, compared with only 216.9 billion yuan in the same period of last year. With the recovery of the property market and the rebound of real estate investment, the growth rate of real estate investment in the first five months has reached 12.7%, of which the monthly growth rate in May reached 23.5%, which is close to the level in the first half of 2008. Therefore, it is expected that the recovery momentum of construction machinery will mainly come from real estate in the second half of the year. It is understood that real estate demand accounts for about half of the demand for construction machinery. From this perspective, there is a foundation for the continued recovery of construction machinery in the second half of the year.
In the second half of the year, machine tools should stop falling and rise. According to the Federation of Machinery Industry, in the first five months of 2009, the sales value of the domestic machine tool industry was 147.633 billion yuan, an increase of 7.67% year-on-year, and the growth rate fell 0.28 percentage points from the previous four months. From a trend point of view, there are signs of stabilization in the machine tools in May, and external demand is still declining. The machine tool lags behind the economy for about half a year, and it is expected that the machine tools will stop falling or rise in the second half of the year. At the same time, given that the recovery time of the export-oriented manufacturing industry in this round of the economy will be slower than that of domestic demand-based manufacturing, the demand recovery of the machine tool industry will be structural, and the degree of demand recovery will not be equal to domestic demand. The main construction machinery.
Heavy metal machinery orders may pick up in the second half of the year. According to data from the Federation of Machinery Industry, in the first five months of 2009, the output value of domestic heavy mining machinery industry was 203.5 billion yuan, an increase of 15.72% year-on-year, of which export value was 24.97 billion yuan, accounting for 12.27%, an increase of -0.27% year-on-year. In the first five months, the growth rate of heavy mining machinery fell by 0.97 percentage points month-on-month, and the growth rate of export growth contracted by 4.64 percentage points. Considering that the heavy mining machinery's response to the economy is lagging behind, it is expected that the growth rate of heavy mining machinery demand will continue to decline in the second half of the year, but the slowdown will slow down and new orders will be improved. In the second half of the year, heavy mining machinery will still benefit from national infrastructure and reconstruction in the west. From the sales performance of crushing machinery, milling machinery and sand making machinery in the first half of the year, Shanghai Shibang Company’s main performance is still high value-added equipment. Cone crusher, MSB coarse powder mill, MTM super pressure trapezoidal mill, VSI new sand making machine and other equipment.
In the second half of the year, macro indicators closely related to the operation of the machinery industry will continue to rise, especially industrial production indicators. Affected by this, although the growth rate of mechanical products' export growth is still low, the output value of machinery sales in the month of May has reached 9.6%. Therefore, the continued recovery in the growth rate of the sales value of the machinery industry in the second half of the year is still expected.
In the second half of the year, machine tools should stop falling and rise. According to the Federation of Machinery Industry, in the first five months of 2009, the sales value of the domestic machine tool industry was 147.633 billion yuan, an increase of 7.67% year-on-year, and the growth rate fell 0.28 percentage points from the previous four months. From a trend point of view, there are signs of stabilization in the machine tools in May, and external demand is still declining. The machine tool lags behind the economy for about half a year, and it is expected that the machine tools will stop falling or rise in the second half of the year. At the same time, given that the recovery time of the export-oriented manufacturing industry in this round of the economy will be slower than that of domestic demand-based manufacturing, the demand recovery of the machine tool industry will be structural, and the degree of demand recovery will not be equal to domestic demand. The main construction machinery.
Heavy metal machinery orders may pick up in the second half of the year. According to data from the Federation of Machinery Industry, in the first five months of 2009, the output value of domestic heavy mining machinery industry was 203.5 billion yuan, an increase of 15.72% year-on-year, of which export value was 24.97 billion yuan, accounting for 12.27%, an increase of -0.27% year-on-year. In the first five months, the growth rate of heavy mining machinery fell by 0.97 percentage points month-on-month, and the growth rate of export growth contracted by 4.64 percentage points. Considering that the heavy mining machinery's response to the economy is lagging behind, it is expected that the growth rate of heavy mining machinery demand will continue to decline in the second half of the year, but the slowdown will slow down and new orders will be improved. In the second half of the year, heavy mining machinery will still benefit from national infrastructure and reconstruction in the west. From the sales performance of crushing machinery, milling machinery and sand making machinery in the first half of the year, Shanghai Shibang Company’s main performance is still high value-added equipment. Cone crusher, MSB coarse powder mill, MTM super pressure trapezoidal mill, VSI new sand making machine and other equipment.
In the second half of the year, macro indicators closely related to the operation of the machinery industry will continue to rise, especially industrial production indicators. Affected by this, although the growth rate of mechanical products' export growth is still low, the output value of machinery sales in the month of May has reached 9.6%. Therefore, the continued recovery in the growth rate of the sales value of the machinery industry in the second half of the year is still expected.
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