China’s Fastener Export to Europe in First 4 Months 2019 Shows Growth in Volume and Decline in Price

     Influenced by the U.S./China trade war, China is currently suffering from its fastener export to the U.S., so lots of Chinese suppliers have switched their focus to the European market. However, the existence of too many competitors on the market has also resulted in the drop of the avg. price despite the increase in the total export volume. In April 2019, China exported more than 70,000 tons of fasteners to Europe, a significant increase of 20.5% from March this year, but the avg. price was USD 1.84 per kg, down 4.46% from March this year and down 7.21% from the same period last year. In the first 4 months of 2019, China exported 0.257 million tons of fasteners to the EU, up 16% from the same period last year and the avg. price was USD 1.91 per kg, down 1.65% from the same period last year.