According to the China Association of Agricultural Machinery Circulation, the index of China's agricultural machinery market in April 2018 was 61.9%, which was 8.4 percentage points lower than that of the previous period and 15.7 percentage points higher than the same period of the previous year. From the quarter-on-quarter comparison, all of the six first-tier indices showed a downward trend, with the benefit index falling. The highest was 29.3 percentage points. From the same period of last year, except for the slight decline in the agricultural machinery subsidy index among the six Tier 1 indices, the other five Tier 1 indices all showed an upward trend, with the highest increase in the popularity index being 42.4 percentage points. The six first-order indexes are located in the boom period.
Special analyst Zhang Huaguang believes: In April, AMI fell slightly, but it was still in the boom zone. The six first-tier indices were all in the boom zone, but they were downgraded in different degrees from the previous quarter. From the same year, in addition to the subsidy index, the other five The first-level indices showed different degrees of growth. The six second-level indexes all stayed in the boom period, and the year-on-year increases were both double digits. Eight third-level indexes, except for the deep-loose machine, the other seven indexes stayed The year-on-year growth rate reached double digits, but it rose by half. The reasons for the formation were as follows: First, the traditional peak season of the agricultural machinery market in April; Second, the same period last year, the market was in a sluggish state, creating a booming degree, which directly led to this year. Most of the prosperity indices have risen year-on-year. Third, the quarter-on-quarter decline is mainly due to the high degree of prosperity in March. In the following May, the market is not optimistic. First, all the indices fell from the first-tier index, especially the small-scale popularity index. The decline in the manager’s confidence index has meant that this year’s agricultural machinery market situation is not optimistic; secondly, this year’s agricultural machinery market is declining by the price of rice, the traditional market is saturated, and purchasing power is falling. Numerous bearish factors, such as the extension of the new cycle, have been constrained. However, the traditional peak season of the agricultural machinery market is still in May. It is expected that AMI will continue to stay in the boom zone; the first-level index may continue to fall, and stocks, managers’ confidence, etc. Slide into the recession zone.