The China-EU fastener anti-dumping case ended with Chinese victory, improved the competitive environment of China's fastener companies in the international market including the European Union, optimized the international trading environment for fastener companies, and allowed investment institutions and financial institutions to The value of the industry can be re-judged. On August 4, the author was informed by the Jiaxing City Bureau of Commerce that in the first six months of this year, the total import and export of fasteners in Jiaxing City was US$503.69 million, a year-on-year increase of 42.8%.
In the first six months, Jiaxing fastener exports totaled 49.18 million U.S. dollars, an increase of 43.8% year-on-year, which was higher than the city's average export growth rate of 21%. Fastener exports accounted for 5.5% of the city's total export value, representing an increase of 0.8% over the same period of last year. Percentage. Among them, exports to Europe and the United States amounted to US$ 205.88 million, accounting for 41.9% of total fastener exports, and the EU market and the US market increased by 47.96% and 50.74% respectively.
In the first half of the year, only a few markets such as Malaysia saw a decline. Affected by the EU’s anti-circumvention investigation on fasteners imported from Malaysia but originating in China, Jiaxing fasteners exported US$ 8.96 million to Malaysia in the first six months, down from the same period last year by US$ 15.09 million. 40.63%.
A good export situation has prompted Jiaxing's fastener company to expand its production capacity. In the first six months, Jiaxing exported 355,832 tons of fastener products, a year-on-year increase of 17.2%. Ten companies with export value over US$10 million increased by 25% year-on-year. At the same time, the unit price of exports has risen by 23% over the same period of last year.
According to the relevant person in charge of the Jiaxing Fasteners Association, in terms of the environment, China-European fasteners “catch up†with China’s success will help improve the competitive environment of Chinese companies in the international market including the EU, and optimize the international trading environment. It has a boosting effect. Second, it can promote the bank's financial support to the fastener industry, and it can alleviate the financing difficulties of the company to some extent.
However, the person in charge also pointed out that Europe and the United States are the major export markets for fasteners in Jiaxing City. Due to the slow economic recovery process, the unemployment rate remains high, and consumer confidence is still weak. Continuing turmoil will still occur for Jiaxing City's exports. On the other hand, fastener products that are almost completely steel-based are affected by fluctuations in steel prices. Fasteners are inherently low-profit products. Frequent adjustments to steel prices will bring significant cost pressures to companies. .
In the first six months, Jiaxing fastener exports totaled 49.18 million U.S. dollars, an increase of 43.8% year-on-year, which was higher than the city's average export growth rate of 21%. Fastener exports accounted for 5.5% of the city's total export value, representing an increase of 0.8% over the same period of last year. Percentage. Among them, exports to Europe and the United States amounted to US$ 205.88 million, accounting for 41.9% of total fastener exports, and the EU market and the US market increased by 47.96% and 50.74% respectively.
In the first half of the year, only a few markets such as Malaysia saw a decline. Affected by the EU’s anti-circumvention investigation on fasteners imported from Malaysia but originating in China, Jiaxing fasteners exported US$ 8.96 million to Malaysia in the first six months, down from the same period last year by US$ 15.09 million. 40.63%.
A good export situation has prompted Jiaxing's fastener company to expand its production capacity. In the first six months, Jiaxing exported 355,832 tons of fastener products, a year-on-year increase of 17.2%. Ten companies with export value over US$10 million increased by 25% year-on-year. At the same time, the unit price of exports has risen by 23% over the same period of last year.
According to the relevant person in charge of the Jiaxing Fasteners Association, in terms of the environment, China-European fasteners “catch up†with China’s success will help improve the competitive environment of Chinese companies in the international market including the EU, and optimize the international trading environment. It has a boosting effect. Second, it can promote the bank's financial support to the fastener industry, and it can alleviate the financing difficulties of the company to some extent.
However, the person in charge also pointed out that Europe and the United States are the major export markets for fasteners in Jiaxing City. Due to the slow economic recovery process, the unemployment rate remains high, and consumer confidence is still weak. Continuing turmoil will still occur for Jiaxing City's exports. On the other hand, fastener products that are almost completely steel-based are affected by fluctuations in steel prices. Fasteners are inherently low-profit products. Frequent adjustments to steel prices will bring significant cost pressures to companies. .
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