Fastener Sales from China to Europe Grow 12.8% This July

     This June China’s fastener sales to Europe slipped to 67,487 tons and the sales this July bounced back to 70,420 tons, up 4.3% from June (and up 12.8% from the same period last year). However, the export price to the EU continued to drop and the cumulative fastener export to Europe in the first 7 months of 2019 reached 475,637 tons, with the average price per KG being USD 1.973, up 0.7% from the same period last year. Some fastener suppliers pointed out that the U.S.-China trade war has forced many Chinese companies to change their focus to the European market, resulting in a significant increase in China’s fastener sales to Europe and a significant decrease in sales to the U.S.