The market fell down in the spring and Xugong Mining Dumper contrarian rose
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In the spring of 2013, when the commercial vehicle market recovered as a whole, the mining dump truck market ushered in a “cold winter†and was “cold†than winter in Siberia. According to statistics, from January to May this year, the mining dump trucks sold only more than 3,000 vehicles, a drop of about 70% from the same period last year.
Coal mine dump truck drastically declined
Wide body mining dump trucks, due to their larger bearing capacity than ordinary dump trucks, are more adaptable under harsh road conditions, and are increasingly favored by users of mining areas, especially open pit mines, in recent years.
With the rapid growth in the sales volume of mining dump trucks, this segment has attracted many companies to enter.
At present, there are seven or eighty companies in the country producing mining dump trucks. The domestic mining dump truck manufacturers are mainly divided into three categories: The first category is the construction machinery enterprises, such as Shandong Lin Wo, Guangxi Liugong, Nanjing Xugong, Xiagong, etc.; the second category is heavy truck companies, such as China National Heavy Duty Truck , Futian Daimler, FAW Jiefang, Dongfeng commercial vehicles, etc.; the third category is special vehicles and modified car companies, such as Yutong Heavy Industry, Luoyang, a drag, the same force and so on.
Mine dump trucks are mainly used in open pit mines and earth-rock transportation in China. Due to the current economic situation is not good, the demand for coal has been greatly reduced, and due to the impact of imported coal, the price of coal has declined. As a result, the operating rate of the mining area is generally insufficient, the operation time of mining dump trucks cannot be guaranteed, and the owners do not make money. It also fell sharply.
Miniature of the coal industry: Half of the "energy triangle" coal mines stop production
“The coal mines have been shut down for maintenance for several months. The transport team has no income and can only seek to change jobs.†The transport owner, who had been rushing for gold for a long time in the fastest-growing economy in Shaanxi Province, is facing a headache for how his coal fleet will survive in the future. “It’s not just that.†Can disband the transport team, but what can we do to dissolve it?"
Coal mine depression
Similarly, the local governments, which are also annoyed, also include coal production areas in Shaanxi Province. Due to the large-scale shutdown of coal mines, local GDP growth and fiscal revenue increase are grave.
According to official statistics, in the first quarter of this year, the number of industrial enterprises in Yulin City, Shaanxi Province, which is known as “China’s Kuwaitâ€, reached 175, of which 93 were suspended production of coal mines, 26% were suspended from industrial enterprises, and the area of ​​coal mines was 46. In the county of Shenmu County, a major economic county in Shaanxi Province, which is dominated by the coal industry, there are 99 local coal mines in the county. There have been 42 production cuts and the production stoppage area has also reached 46%.
Due to the drag of the coal industry, the GDP growth rate of 20% or more that Shenmu County has been maintaining all year round has now been broken, and the local financial growth has also experienced a cold wave; even the “Energy God City†Ordos is no exception. Statistics show that the city’s total financial The year-on-year decline in revenues was as high as 18%, and the year-on-year decline in local budget revenues was also around 15%.
The encounters in Shenmu County, Yulin City and Ordos City are not cases. The reporter recently learned that in the “Golden Triangle of Energy†area in Mengxi, North Shaanxi, and Ningdong, the economic development model that has long relied on extensive energy expansion in the past has encountered unprecedented challenges. How to crack the coal dependence curse became a solution to the regional economic development. The main challenge of pain.
However, with the changes in China's economic situation, the demand for machinery and equipment by energy companies has dropped drastically, and the rapid development of the mining dump truck market has abruptly ended in 2013. From January to May this year, the mining dump truck market sold only more than 3,000 vehicles, down 70% year-on-year. In 2013, due to the downturn in the mining area, the decline in the mining dump truck market is a general trend, but it is expected that the decline rate in the second half of the year will narrow. In 2012, the sales volume of mining dump trucks was approximately 14,000, which is expected to be 7,000-8,000 vehicles this year.
Case: Dump Trucks in Xugong Mining Conversely Rise
For example, the sales volume of Xugong's mining dump trucks has risen steadily this year. From January to May, the sales volume has reached 500 units, and the annual sales volume is expected to reach 1,000 units. In 2012, its sales volume was only over 400 units.
Open pit mines not only require mining dump trucks but also excavators. With the purchase, the overall price will be reduced. As a construction machinery company, Xugong has a wealth of experience and strong control over the risk of mortgage loans. This not only helps to control financial risks, but also greatly increases the sales of mining dump trucks.
XCMG, as a main engine plant, can better launch a series of differentiated products such as 55 tons, 65 tons, and 85 tons of off-highway dump trucks in response to market demand. Once these products are introduced to the market, they have aroused strong market response due to their high reliability, adaptability and attendance. The use of Xugong non-highway heavy-duty dump trucks has also been exploited from a single open-pit mine and widened to the construction of municipal projects, setting a precedent for the application of non-highway products in the domestic industry.