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Passenger car sales across China have been recovering steadily during the first three weeks of this month as local governments have introduced stimulus packages to help the industry after car buyers recoiled from purchasing amid the COVID-19 crisis, Mysteel Global has learned.
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China’s auto production and sales are forecast to slump by a huge 45% in the first quarter of 2020 and decline by 25% in the first half of this year, Ye Shengji, deputy secretary general of China Association of Automobile Manufacturers warned on March 18.
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China’s shipbuilders saw their new vessel orders increase by 41.4% on year over January-February, according to the latest release by China Association of the National Shipbuilding Industry (CANSI) published on March 18. The leap in orders during this year’s first two months was mainly due to the low base for the same period last year, however.
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Chinese production of air conditioners, refrigerators, televisions and washing machines plunged during the first two months of 2020, mainly as a result of the overall impact of COVID-19 on the operations of domestic industrial enterprises.
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As market had expected, both China’s auto sales and production slumped in February as the COVID-19 hit China’s economy and many industrial sectors hard, and the sales fell 79.1% on year and the production decreased 79.8% on year, the latest release from the China Association of Automobile Manufacturers (CAAM) on March 12 confirmed the dismal.
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China’s excavator sales including the domestic and overseas markets more than halved to 9,280 units for February, according to the latest data from China Construction Machinery Association (CCMA) on March 11, mainly as the domestic demand was affected seriously by the COVID-19 when most of China was at a standstill for most of the last month.
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Happily for China’s construction steel suppliers, work has now resumed at over 58% of construction projects nationwide including both real estate development and infrastructure projects after the prolonged Chinese New Year holiday, according to China’s Ministry of Housing and Urban-Rural Development (MOHURD) on March 10. But the difficulties some workers are encountering returning to their worksites and shortages of medical supplies remain a problem, the ministry admitted.
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China’s January sales of excavators at the domestic market and exports fell on year for the first time since last June, down 15.4% on year to 9,942 units, according to the latest data released by the China Construction Machinery Association (CCMA) on February 19, because of a shorter working month with the Chinese New Year (CNY) holiday in late January and substantial declines in domestic sales.
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State-owned Asset Supervision and Administration Commission (SASAC), a ministerial-level organization under the direct governance of China’s State Council, called for China’s state-owned construction and engineering companies to “conquer the hardship caused by Novel Coronavirus Pneumonia (NCP) and resume work as soon as possible” in its post on the website on February 15.
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China’s auto-manufacturers and motor dealers got off to a bumpy start this year, with January vehicle output and sales plunging on-year and on-month, according to a grim prediction made by the China Association of Automobile Manufacturers (CAAM) based on data gathered from key enterprises and groups. The long Chinese New Year holiday late last month was chiefly to blame for the falls, CAAM explained.
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China’s steel demand from the construction sector may decline, from the manufacturing may remain steady, while steel exports are still too early to assess for the whole 2020 because of the outbreak of the Novel Coronavirus Pneumonia (NCP), He Wenbo, secretary general of the China Iron & Steel Association (CISA), shared at an exclusive interview with China Metallurgical News on February 13.
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Just as the shipbuilding industry globally and across China struggles with oversupply challenges, the outbreak of Novel Coronavirus Pneumonia (NCP) is dealing a further blow to China’s shipbuilding sector, the impact of which might continue to reverberate throughout the full course of this year, Mysteel’s latest report published on February 12 indicated.
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The outbreak of Novel Coronavirus Pneumonia (NCP) will give a jolt to China’s white good industry in the short term but over the full course of this year, the epidemic is seen as unlikely to have great influence on this industry, Mysteel’s latest report published on February 11 indicated.
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China’s sales of 14-100 tonne heavy-duty trucks for January increased 26% on month or 18% on year, continuing with its robustness since 2019 when the annual sales having hit the best yearly record, according to the latest data released on February 5 by the Beijing-headquartered Commercial Vehicle World (CVWorld), an information collector of vehicles for business use.
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The China Association of the National Shipbuilding Industry (CANSI) expects the global shipbuilding sector to slightly recover this year and that order volumes of new vessels globally will increase to 75-90 million dead weight tonnes (dwt), mainly thanks to the predicted uptick the world economy, the easing of trade friction and the implementation of new rules on sulfur emissions for ships.
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China’s production of air conditioners, refrigerators and washing machines witnessed rises in 2019, mainly thanks to the stable demand tracking the domestic property market and to increasing demand for China-made appliances from abroad, according to the latest data from China’s National Bureau of Statistics (NBS).
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China’s production and sales of automobiles in 2019 declined by 7.5% and 8.2% on year to 25.7 million units and 25.8 million units respectively, according to the latest statistics from China Association of Automobile Manufacturers (CAAM) published on January 13.
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US-headquartered electric car producer Tesla delivered the first ‘Model 3’ cars made at its new factory in East China’s Shanghai to Chinese consumers on January 7, exactly one year after beginning construction on its Gigafactory, a combination car- and battery-making plant, in Shanghai’s Lingang Area.
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China’s sales of heavy-duty trucks (14-100 tonnes) hit a historical high of 1.17 million units in 2019, according to the latest data from Beijing-headquartered Commercial Vehicle World (CVWorld), a information collector of vehicles for business use.
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China’s production of air conditioners, refrigerators and washing machines saw relatively healthy increases over January-November, with that of air conditioners being up 5.8% on year at 199.6 million units, according to the latest data released by China’s National Bureau of Statistics (NBS).
