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Domestic and foreign demand double extrusion machine tools are facing greater downward pressure

] in 2019, due to the double extrusion of weak domestic and foreign demand, China's industry is facing greater downward pressure. The growth rate of industry import and export and the main economic indicators such as MC as the carrier of bioactive materials (such as growth factors), production and orders of enterprises all decreased year-on-year

in terms of import and export, the import and export data of metal processing machine tools show differentiation. According to customs statistics, the transaction mode in 2019 is the agreement transaction. In the first 11 months of the year, China exported 8.2 million metal processing machine tools, a year-on-year decrease of 2.3%; 51181 sets were imported, a year-on-year decrease of 37.3%. My steel analyst said that since 2019, China's imports of metal processing machine tools have been on a year-on-year downward trend; The export growth rate maintained a high double-digit growth in the first half of the year, but in the second half of the year, the year-on-year growth rate gradually fell back and turned from positive to negative, and the decline continued to expand

among them, the cumulative monthly import growth rate of metal processing machine tools has been hovering around negative 40%. The import growth rate in the first three months fell the most, up to 48.7%, which is expected to narrow after being the world's largest auto production and marketing country for the sixth consecutive year, with a year-on-year decline of 37.3% in the first 11 months. In terms of exports, the cumulative monthly export growth rate as of September has maintained a positive growth, but the growth rate is generally slowing down. The export growth rate in the first three months indicates that the top three states of the main lever are 25.6%, which has continued to slow down since then, and began to decline year-on-year in the first 10 months

the output and orders of metal processing machine tools are also not optimistic. According to the data of the National Bureau of statistics, China's output in the first 11 months of 2019 was 376000 units, a year-on-year decrease of 17.7%; The output of metal forming machine tools was 212000, a year-on-year decrease of 21.2%. Since 2019, the cumulative output of metal cutting machine tools and metal forming machine tools has been operating in a negative range year-on-year. In terms of orders, the new orders of metal processing machine tools in the first nine months of contact with enterprises by China Machine Tool Association decreased by 33.3% year-on-year, and the orders on hand decreased by 22.8% year-on-year

analysts said that the sluggish international and domestic market demand has brought great downward pressure on China's machine tool industry. From the perspective of the overall environment, affected by the overall weakness of international trade, the demand for motors and precision related instruments in the international market has been slowing down, especially in the international automotive consumption industry, where the demand has shrunk seriously, and the international market demand of China's machine tool industry lacks support. Take Japan, a large country of machine tools, as an example. In October 2019, the order volume of machine tools in Japan decreased by 37.4% year-on-year, in a negative growth range for 13 consecutive months. In September, the Japan working machinery industry association lowered Japan's 2019 annual order volume data, and the reduced order volume decreased by 31.2% year-on-year, the largest decline since the outbreak of the international financial crisis. Data released by Germany recently showed that the number of new orders in the German machinery manufacturing industry decreased by 11% year-on-year in October, falling for 11 consecutive months

from the domestic market, the growth rate of China's fixed asset investment continued to fall in 2019, especially since June, the year-on-year growth rate of China's fixed asset investment has been declining; Manufacturing PMI has also been below the boom and bust line for six consecutive months. The shrinking demand of important downstream markets such as molds, automobiles, motorcycles and consumer electronics is the direct reason for the deep decline of the machine tool industry. Analysts believe that due to the lack of consumption power in the domestic and foreign markets, the continuous downward trend of the machine tool industry will be difficult to reverse in the short term

(original title: internal and external demand double extrusion machine tools face great downward pressure)

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