China's excavator sales surge in May

Time:2020-06-16 13:53:24      Source:ChinaDaily.com
China's excavator producers reported robust sales in May, reflecting a quick demand recovery, according to the China Construction Machinery Association.
 
China's 25 leading excavator makers sold a total of 31,744 excavators last month, up 68 percent year-on-year, data showed.
 
In breakdown, 29,521 excavators were sold in the domestic market, surging 76.3 percent year-on-year, while exports of the equipment rose 3.3 percent to 2,223.
 
During the first five months of the year, domestic excavator sales of the 25 producers jumped 19.3 percent from a year earlier to 134,169, while their overseas sales soared 20.7 percent year-on-year to 11,631.
 
The surging excavator sales, backed by strong demand, foreshadow a construction boom in the country. In a bid to revive the economy, the government has been speeding up the construction of planned key infrastructure projects and has launched new projects for public health, emergency materials supply, 5G networks and data centers.
Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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