Machinery / Industrial Parts & Tools

Watson & Band Import and Export Data Observation reported that on September 20, in the World Meeting Room on the North Bund of Hongkou, Shanghai, the "Tide Up the Pujiang River" activity results summary and major project release event was held. The event site announced the launch of 8 major projects with a total investment of about 1.8 trillion yuan.

With the arrival of the traditional peak season of "Golden Nine Silver Ten", the "acceleration button" was pressed for infrastructure construction in various places, and a batch of major projects accelerated to form a physical workload. Judging from data such as the production and sales of excavators, the volume of cement out of storage, and the operating rate of asphalt plants, there are obvious signs of acceleration in infrastructure investment.

Industry insiders believe that the current is an important window period for infrastructure investment to make steady growth. With the acceleration of the physical workload of infrastructure projects in various places and a series of policies to stabilize growth and investment, the growth rate of infrastructure investment will continue to accelerate.

The acceleration of the sales volume of the big excavation confirms the recovery of the construction

As the main product of construction machinery, the production and sales of excavators has always been one of the indicators to measure the popularity of infrastructure investment. Huacheng Import and Export Data Observation reported that in August, a total of 18,076 excavation machinery products were sold, including 1,308 large excavators, an increase of 68 compared with July, 1,915 medium excavators and 1,915 small excavators. There were 5,873 units, a decrease of 151 units and 71 units respectively.

Changes in sales of excavators of different tonnages reflect the progress of domestic infrastructure projects. It can be seen that: the increase of large excavation indicates that the national large-scale earthwork and open-pit mining conditions have increased, and large-scale construction projects are in full swing; while the reduction of medium and small excavation indicates that small and medium-sized projects have decreased or the construction period has been stagnant.

In addition, the relevant data of the "CCTV Financial Excavator Index" shows that my country's infrastructure investment has continued to develop. Huacheng Import and Export Data Observation reported that in August, the national average monthly operating rate of construction machinery was 64.0%, continuing the growth trend since the second quarter; the operating rate of four types of equipment such as truck cranes, excavators, pump trucks, and paver equipment exceeded 60%. .

Since entering the third quarter, with the implementation of the national growth stabilization policy, infrastructure investment, as an important means of stabilizing the economy, has been accelerated. Whether it is the centralized start of construction or the landing of funds, it is at a relatively high level.

Cement out-of-storage volume rises, and project demand gradually picks up

As one of the indicators for monitoring infrastructure investment, the volume of cement outbound has increased significantly recently. The data of 250 cement production enterprises nationwide released by the construction industry information platform Centennial Construction Network shows that from September 6 to September 12, cement enterprises shipped 8.141 million tons, a month-on-month increase of 2.15%, and the overall demand stopped falling and rebounded.

According to the analysis of Centennial Construction Network, the traditional peak season of "Golden Nine Silver Ten" is coming, cement demand has been released one after another, and the further use of special debt funds has prompted local projects to speed up the start of construction. It is expected that the national cement output will further increase in the next period.

"The consumption of cement infrastructure in the whole third quarter should be at the level of 1.9 million tons to 2.1 million tons on average per week." Jiang Yuanlin, chief analyst of cement at Centennial Construction Network, said that in September and October, a batch of new projects and new projects started one after another. Bring new increments to cement consumption.

"At present, the cement market is gradually recovering. From a national perspective, it has returned to more than 70% of the normal level." Tianshan Co., Ltd. recently said in an institutional survey that cement demand will show a steady recovery in the second half of the year, especially in September. After peak season.

The stabilization of the cement market indicates that the demand for building materials formed by infrastructure investment is accelerating. After the removal of some unfavorable factors in the early stage, the construction progress of key projects gradually returned to normal, and the demand for infrastructure increased steadily.

The person in charge of a cement company in Qinghai said frankly that after the epidemic was effectively controlled, the construction progress has returned to normal.

Asphalt plant operating rate increased, infrastructure development

As one of the indicators for monitoring infrastructure investment, the operating rate of asphalt plants has increased significantly since September.

Huacheng Import and Export Data Observation reported that in the first week of September, the weekly indicator of the operating rate of asphalt plants rose to 39.7%, surpassing the highest point in August, an increase of 1.6 percentage points month-on-month.

Judging from high-frequency data, the operating rate of asphalt plants has increased significantly since September, indicating that infrastructure investment is working hard. "In September, the operating rate of asphalt plants further increased, indicating that after the high temperature eases, construction conditions will resume and infrastructure demand will pick up." CITIC Securities said in a report.

This is also reflected in the leading indicators. According to data released by the National Bureau of Statistics a few days ago, the business activity index of the construction industry was 56.5% in August, which was in a higher economic range, and the production activities of the construction industry continued to expand. From the perspective of the industry, the business activity index of civil engineering and construction industry was 57.1%, and the new order index and business activity expectation index rose to 55.5% and 64.1% respectively, indicating that the construction of infrastructure projects has maintained a relatively fast construction process, and market demand continued to rebound. Expectations for the near-term development are positive.

Wang Qing, chief macro analyst of Oriental Jincheng, predicts that the growth rate of infrastructure investment in September will continue to accelerate, and the year-on-year growth rate of infrastructure investment in the third quarter is expected to reach about 11%, an increase of about 4 percentage points from the second quarter.

At present, infrastructure investment is an important starting point for stabilizing the current economic market. With the continued increase in the policy of stabilizing the economy and stabilizing investment, the growth rate of infrastructure investment in the fourth quarter is expected to further accelerate. According to Huacheng Import and Export Data Observation Report, industry insiders expect that the growth rate of infrastructure investment in September will continue to accelerate, and the year-on-year growth rate of infrastructure investment in the third quarter is expected to reach about 11%, an increase of about 4 percentage points from the second quarter. This has played an important role in boosting the market demand for construction machinery, and the decline is expected to be further narrowed.