On August 14-16, 2020,
16th Steel Development Strategy Conference, hosted by SteelHome, was
successfully held in Shanghai Tower. Around 800 delegates from
governments, associations, steel mills, miners, traders, research
institutes attended the one of biggest events in China steel industry.
9th International Raw Materials Supply Chain Summit, 10th Coal & Coke
Development Strategy Conference, 8th China Commodities E-Commerce Summit
and 2020 SteelHome Summer Report were simultaneously held.
Chen Bin, executive vice president of China Machinery Industry
Federation, delivered a report on Analysis, Problems and Trend
Prediction of Current Mechanical Industry Economy on August 16
Chen Bin, executive vice president of China Machinery Industry
Federation
Summary of speeches:
1. Since the second quarter, the production and operation order of
machinery industry enterprises has been basically restored, and the main
economic indicators have risen sharply. The characteristics of product
output growth are as follows: the recovery of investment product market
is faster than expected, and the recovery of consumption product market
is slower than expected. First, thanks to the recovery and start-up of
infrastructure investment and energy construction related projects, the
production of construction machinery, power generation, power
transmission and transformation products has rebounded rapidly. From
January to June, the output of excavators, compaction machinery and
concrete machinery increased by 22.36%, 14.66% and 32.40% respectively,
all faster than that from January to May. According to the statistics of
the association, the cumulative sales volume of excavators from January
to June increased by double-digit, and the growth rate in June was as
high as 62.9%. Second, the production of some agricultural machinery
products recovered quickly. Third, the production of products related to
information infrastructure construction, people's livelihood
infrastructure construction and intelligent manufacturing is picking up.
Fourth, automobile production and sales continued to stabilize.
Production of passenger cars picked up slowly.
2. In terms of heavy machinery industry, with the gradual completion of
large-scale transformation and upgrading of steel, coal, refining and
mining industries, the market demand will be weakened in 2020. In
addition, the economic recession caused by the continuous spread of the
global epidemic has a direct impact on the confidence of investors, and
has a greater impact on the export orders of the heavy machinery
industry. In the second half of the year, if there is no major epidemic
and trade fluctuation, it is expected that the heavy machinery industry
will maintain a certain growth rate in the whole year.
3. In the second half of the year, the overall development environment
of the industry is better. Meanwhile, the trend of the major sub
industries which account for more than 80% of the machinery industry
tends to improve. It is expected that the economic operation of the
machinery industry in the whole year will gradually recover. The
industry added value, operating income, total profit and other
indicators are expected to achieve a small positive growth. |