China s excavator sales, a barometer of the vitality of infrastructure development, posted strong performance in November, as the country s infrastructure investment bounced back from the fallout of the COVID-19 pandemic.
The country s 25 leading excavator makers sold about 32,236 excavators in November, surging 66.9 percent year on year, data from the China Construction Machinery Association showed.
The pace of the expansion accelerated from the 60.5-percent growth registered in October, sustaining the growth momentum in previous months.
Excavator producers saw over 50-percent increases in sales volume in both domestic and overseas markets last month. A total of 28,833 excavators were sold in the domestic market, with an increase of 68 percent, while exports of the equipment surged 57.8 percent year on year to 3,403.
Doosan Infracore s Excavator Sales in China on Roll This Year
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China s excavator sales boom as infrastructure investment rebounds - Xinhua
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Commodity Markets - It s the Trifecta Effect! Things move in cycles and Commodities in general have been long forgotten.
Dec 11, 2020 | 12:30 PM EST
When looking at one s screen and seeing that all Commodities are up 2%+ on any given day, regardless of one s fundamentals, it smells of portfolio asset allocation towards Commodities. Such indiscretion in the moves seen on the day is reminiscent of money coming into the sector. The last time we saw a bull market in Commodities was back in 2015 following the surge in Chinese stimulus buying post the Yuan devaluation. Before that, the secular bull market in Commodities reached a peak in 2011. Since 2018, President Trump s trade wars has put a lid over Commodities and goods demanded by China in general, given the tariffs and slowing down of world demand prior to the Covid-19 pandemic. This trend was exacerbated when the pandemic hit as markets and Commodities in general collapsed across the board. Since then, not only have most