According to the June manufacturing PMI released by multiple countries, the global manufacturing trend is slowing down, and the manufacturing PMI in some countries is even lower than the 50% watershed. The China Logistics and Purchasing Federation released the China Manufacturing Purchasing Managers' Index for July, which was 50.7%, down 0.2% MoM, showing that the economic development was in a steady correction.

The situation in the second half of the year is somewhat more or less similar to that in the second half of 2008. It seems that economist Lang Xianping’s remarks about the manufacturing industry in the winter have not been silenced. In 2009, the Chinese machine tool industry recovered strongly and became stronger again. However, after experiencing a 40% growth rate in 2010 and a high level in the first half of 2011, the industry's weakening has become apparent. Machine tool is the mother machine of the equipment manufacturing industry. Due to the hysteresis of statistical data, data analysis can not reflect the fall of production and sales growth in time. Therefore, many people in the industry believe that the actual production of the machine tool industry in the first half of the year is the ordering task at the end of last year or the beginning of the year. Concerns about the real impact on the growth of the machine tool industry will be the second half.

According to statistics, from January to July, the value-added of machinery industry increased by 15.9% year-on-year, 1.6 percentage points higher than the national industrial growth rate. In July, the value-added of machinery industry increased by 13.5% year-on-year, which was lower than the national industrial growth rate by 0.5 percentage points. For the first time, it is lower than the average level of national industrial added value. No wonder the general manager of Shifeng Group said in the first half of the company's summary meeting in early July: "Maybe July will be the hardest month this year."

In fact, agricultural machinery is still good from the point of view of data growth, while the growth rate of other industries such as the automobile industry and construction machinery is even narrower. For example, according to the data from the China Machinery Industry Federation, automobile production and sales continued to cool from January to July, and the number of automobiles increased by 3.99% year-on-year, representing a decrease of 0.98 percentage points from the previous month. Due to the great influence of the automotive industry on machine tools, many companies are also concerned about this. Qinchuan Development mentioned in the semi-annual report that since the beginning of May and June, the company’s orders have been on a downward trend regardless of year-on-year or on a quarterly basis, and the momentum of the high-level operation since last year may change.

Qin Chuan Machine Tool Group personnel said that in July, due to the company's first half of the orders were sufficient, so the production was still relatively busy, but the group's second half of the tool factory orders have dropped sharply. According to the experience of the tool market before the whole machine, he believes that market performance will not be as prominent as in the first half of the year. Due to the impact of current policies on high-speed rail equipment, Weihai Huadong CNC sold only one high-speed rail CNC Gantry machine in the first half of the year, compared with six units sold in the same period last year. According to the current form, the situation in the second half of the year is unlikely to change significantly.

Structural adjustment loosely due to the general machine tool market continued to go well in 2010 and the first half of this year, so that the industry's overall product structure adjustment steps slowed, but also makes part of the original to completely abandon the general machine tool market, resolutely product adjustment companies reflect on their own Is the behavior "overkilled?" According to the statistics of the China Machinery Industry Federation, in the first half of the year, CNC machine tools grew 44.99%. The output of CNC machine tools and numerical control devices in machine tool products grew significantly faster than that of ordinary machine tools, and the numerical control rate continued to increase.

When analyzing the economic operation of the machinery industry in the first half of the year, the Executive Vice President Cai Weici also said that some new changes in the first half of the year are worthy of everyone’s attention. That is, the growth rate of fixed asset investment in the industry has continued to accelerate, and the growth of production and sales and profit continues to increase. Slowly, the increase in new orders declined, the pressure on corporate costs increased significantly, and the contradiction of oversupply tends to intensify. These all underscore the urgency of structural adjustment and transformation and upgrading. Back to the machine tool industry, it is reported that in recent months, the backlog of common machine tools in some large machine tool companies has once again been staged.

In 2008, the machine tool industry had a similar situation. Wu Bulin, executive vice chairman of the China Machine Tool & Tooling Industry Association, said that the inventory of all companies has generally increased, and the year-on-year increase is estimated to be about 20%, and individual pacesetter companies have reached 60%. Maybe it was because of experience that it became even more scary. The so-called "who was bitten by a snake and feared a well for ten years." With regard to the current appearances, many companies worry that the situation will become worse and worse in the future.

In this regard, after all, spending nothing and reducing demand is also a reasonable matter. First of all, the demand for machine tools mainly comes from two major aspects: First, the pulling of investment projects (abbreviated as new); second, the users of machine tools want to improve their own production capacity. As we all know, in the previous years, the output value of the machine tool industry has maintained a relatively high level of growth, although there was a brief trough in 2008, but it then rebounded strongly. In 2010, the machine tool industry achieved a total industrial output value of 553.68 billion yuan, a year-on-year increase of 40.6%. This is indeed overheating and not quite normal. Perhaps we have been accustomed to the days of high-speed growth and “earning money,” forgetting the regularity of the economic cycle, and some of them cannot adapt. Being nervous and anxious, this can all be understood, but to calm down and think about it, it is impossible for any industry to maintain long-term growth. Some fluctuations are normal.

Due to the impact of factors such as rising prices of raw materials, appreciation of the renminbi, export restrictions, and rising labor costs of some factories in the south, the reduction in demand for machine tools is caused by the current situation and is a fact that companies cannot change, and we can do it. It is to adjust the industrial structure and adjust the product structure according to the market demand.

The statistics of the association have shown that the growth of numerical control metal-cutting machine tools is significantly higher than that of ordinary machine tools. In fact, regardless of efficiency, degree of automation, function or accuracy, economical CNC machine tools are relatively low-end. But the pace at which companies can produce large numbers of ordinary machine tools has not stopped. It is also a good thing that the situation has been forced by the situation to significantly reduce the output of low-end products and timely sound the alarm for structural adjustment.