机械行业周报：CME预估6月挖掘机内销保持较快增长，持续关注工程机械板块、人形机器人产业链等

Investment Rating - The industry investment rating is "Overweight (Maintain)" [5][8]. Core Views - The report highlights a positive outlook for the engineering machinery sector, with a forecasted growth in excavator sales, particularly in the domestic market, which is expected to see a year-on-year increase of nearly 20% [6][7]. - The humanoid robot industry is progressing rapidly, with significant developments in technology and strategic partnerships, indicating a potential commercialization milestone in 2024 [7][66]. Summary by Sections Market Review - In the week of June 17-21, 2024, the CITIC mechanical industry index fell by 1.34%, ranking 12th among all primary industries. The engineering machinery sector saw a rise of 1.10%, while general equipment and metal products declined by 2.50% and 5.00%, respectively [29][31]. Engineering Machinery - CME estimates that excavator sales (including exports) will reach around 16,000 units in June 2024, reflecting a year-on-year growth of approximately 1.5%. The domestic market is expected to sell about 7,300 units, marking a nearly 20% increase year-on-year [6]. - The report indicates that the engineering machinery industry is at a cyclical low point but may soon enter an upward phase due to favorable policies and recovering domestic demand [6][7]. Humanoid Robots - The humanoid robot sector is experiencing significant advancements, with the launch of a humanoid robot equipped with Huawei's AI model, showcasing improved capabilities in various applications [7][66]. - The report suggests that 2024 will be a pivotal year for the commercialization of humanoid robots, with a focus on establishing supply chains and product specifications [7][66]. High-Frequency Data Tracking - In May 2024, the manufacturing PMI was recorded at 49.5%, with fixed asset investment in manufacturing showing a year-on-year increase of 9.6% [35]. - Excavator sales in May reached 18,000 units, reflecting a year-on-year growth of 6.0% [39]. Industry News and Announcements - The report notes that China's engineering machinery import and export trade increased by 2.45% year-on-year in May 2024, with exports growing by 3.29% [66][67]. - Strategic partnerships in the humanoid robot sector are being formed to enhance technology development and market presence [66][68].