Suddenly! Such companies have issued price increase letters one after another! Some products have risen by $3,000 each! what’s going on?

Due to the price increase of raw materials, construction machinery OEMs have recently started a price increase mode. Since May, Zoomlion’s station machinery, cranes, XCMG tower cranes, construction lifts, and Lingong loaders have successively issued notices of price increases. The reason behind this is the continuous increase in the prices of raw materials such as steel.

According to the product price adjustment notices issued by various companies, Zoomlion and XCMG will increase the price of the entire series of tower cranes and elevators according to the net weight of the steel products from May 17th and June 1st, respectively. Yuan / ton. The price of Shandong Lingong loader is increased by 8,000 yuan/unit to 20,000 yuan/unit according to different systems.


Li Shixian, director of the research department of Shenzhen Rongshu Investment Management Co., Ltd.: Mainly affected by the supply and demand, the demand for these construction machinery has increased significantly, but in terms of cost, the main raw materials are like steel or iron ore. There has been a relatively large price increase. Therefore, these construction machinery manufacturers have recently adjusted their ex-factory prices.

The reporter learned that for hoisting machinery and station machinery that use steel as the main raw material, the price of steel has risen sharply this year, which has increased the production costs of host companies. As of mid-May, the eight major varieties of steel in the national steel market averaged per ton of steel. The price exceeded 6,600 yuan, nearly 400 yuan higher than the 2008 highest point of 6,200 yuan, and an increase of 2,800 yuan per ton over the same period last year, a year-on-year increase of 75%. But at the same time, judging from the quarterly report, in the first quarter of this year, Shenwan’s construction machinery segment achieved a net profit of 11 billion yuan, close to 2.5 times of the 4.58 billion yuan in the same period last year. Eight listed companies doubled their net profits, and Shantui shares and construction machinery net profits increased by more than 2 times year-on-year.

Post time: May-27-2021