I. Explosive Demand for Bucket Teeth in the Resumption Boom

• Soaring Sales: With the recovery of excavator operation rates in February, the sales volume of bucket teeth (including tooth holders and adapters) rose by over 30% month-on-month. High wear-resistant bucket teeth for mining and general-purpose ones for earthworks are the most sought-after.
• Replenishment Spree for Consumables: Under working conditions such as granite mines, the monthly replacement demand for high wear-resistant bucket teeth increased by 40%. The in-stock rate of products compatible with mainstream models of Komatsu, Caterpillar, Sany, XCMG and other brands reached 95%.
• Stable Prices: The mainstream price of cast bucket teeth ranges from 180 to 350 CNY per piece, and that of forged high wear-resistant ones from 500 to 800 CNY per piece. Driven by the construction boom, prices edged up by 5% month-on-month.

II. Highlights of Technological and Product Upgrading

• Patent Implementation: In February, Lovol Construction Machinery announced the patent for a “new type of rock bucket tooth” (CN223805613U). Featuring a symmetrical structure, rib plates and side reinforcing bosses, its service life in mining conditions is increased by 30%.
• Iteration of Materials and Processes: Forged bucket teeth made of 35CrMn/42CrMo have become the mainstream. The formula optimization by Jiangxi Zhizhong extended the service life by 40%, making the products suitable for high-strength impact scenarios.
• Pilot of Intelligent Monitoring: Leading enterprises launched bucket teeth equipped with wear sensors to issue real-time replacement early warnings. Compatible with the “intelligent management system” of electric excavators, their penetration rate reached 5%.
• Elevated Compatibility Standards: The required fitting accuracy between bucket teeth and tooth holders is ≤ 0.3mm, which reduces loosening caused by impact and raises the compatibility rate from 85% to 92%.

III. Exports and Breakthroughs in the International Market

• Zhedong Precision Supplies Rio Tinto: According to news on February 2, relying on the technology of “ultra-high hard and tough wear-resistant cast steel”, Zhedong Precision became a bucket tooth supplier for three major mining groups including Rio Tinto, outcompeting American brand ESCO and breaking into the high-end Australian market.
• Growing Orders from Saudi Arabia and Russia: A 4 billion CNY large order for heavy equipment and spare parts was signed with Saudi Arabia on February 6, covering wear-resistant parts such as bucket teeth and tooth holders. With the start of infrastructure construction in Russia, the demand for bucket teeth surged by over 40%, and the EAC certification has become a must for exports.
• Accelerated Domestic Substitution: The substitution rate of domestic brands in the mid-to-low-end bucket tooth market has exceeded 70%, while there is still a gap in the high-end mining bucket tooth segment. The progress of import substitution is expected to reach over 60%.

IV. Inventory and Spring Festival After-sales Arrangements

• Holidays and Shipment: Most bucket tooth manufacturers will close for the Spring Festival from February 10 to 23 and resume shipments on February 24. Customers are reminded to place orders for stock before February 9 to ensure construction during the holiday.
• Guarantee by Regional Warehouses: Leading enterprises have built more than 30 regional spare parts warehouses. Based on big data demand forecasting, the in-stock rate of bucket teeth reaches 95%, enabling “half-day delivery/next-day delivery”.