The subprime mortgage crisis in United States, Europe Union, japan swept the financial market in 2007, ans brought the global economy fall into a trough. The financial situation in 2008 even more tragic and tragic. Bear Stearns, Lehman Brothers, Merrill Lynch and other US financial giants changes or bankruptcy, so that the development of the world economy cast a panic of color.
Although the state of economic downturn is far less than the United States tragic, the central bank tight monetary policy, real estate transactions continue to decline and the stock market crash situation, all people feel the storm approaching. Because of the dragged down Europe and the United States and Japan’s weak market demand, In the first quarter of 2008, the export growth rate of the national machinery industry declined. China’s largest single-market mechanical products export growth from 26.6% to 9.9%, down significantly. Europe, Japan and South Korea and other major markets have different degrees of decline. This has a direct impact on the oversea sales of belt conveyor accessories – conveyor rollers.
The global economic downturn, China’s construction machinery industry why firm? What market factors restrict the development of China’s construction machinery industry? China’s construction machinery industry will be how the attitude and means to deal with changes in the market? In the face of international changes, how to maintain a strong growth in China’s construction machinery? Especially how to keep the sales of the belt conveyor accessories – conveyor rollers.
Experts pointed out that the impact of China’s construction machinery industry, the three main factors: the domestic monetary tightening policy, rising production costs (mainly steel prices) and the global (mainly US) economic downturn.
First, monetary tightening. In theory, the monetary tightening of the construction machinery industry, the main impact of the path there are two aspects of sales and production. As the construction machinery enterprises generally rely on financial institutions, the degree of dependence is not high, its production by monetary tightening policy is not significant. While the product sales, depends on the market space and purchasing power. The weakness of overseas engineering machinery has had a major impact on conveyor roller sales.
Second, the cost of production. The main raw material of construction machinery is steel. Although the share of various types of steel products in the share of different, but basically the cost of steel accounted for the main part. Therefore, the steel prices to bring the cost of construction machinery industry pressure is not negligible. In addition, labor costs and other costs will continue to rise, the total cost of various factors will continue to rise. And because the material of steel increases, he price of rollers has a big change.
In the case of the global economic weakness, the construction machinery industry’s export delivery value growth trend has increased contrarian. From 84.9% in the first quarter of last year to 86.3% in the first quarter of this year, up 1.4 percentage points. It can be seen, the conveyor equipment including the conveyor rollers sales will also be improved recently