Signs of a Slowdown in Fastener Demand?
9/2/2013 1:56:00 AM
FEATURE
Anecdotal data suggests a slowdown in fastener buying, with major producers, including Taiwan and China, feeling the crunch.
Fastener Demand Drops in June
Prior to June’s figures, U.S. fastener exports had risen for the previous three months, totaling $320.5 million in May on increased demand from the U.K., Mexico and Brazil.
Taiwan’s Overall Fastener Demand Drops
Import and export declines push prices lower.
BB&T: Low Inventories May Yield Fastener Buying
“It’s slow out there,” BB&T summarized. But “low inventories may yet presage stronger numbers, if only something catalyzed customers restocking.”
Jiaxing Fastener Activity Declines in First Half
Both export volume and price both declined, with exports to the main markets — the U.S., EU and Russia — weakening, according to ChinaFastener.Info.
STAFDA Distributors Report Sales Up 5.1% in Q2; Predict Increase for Q3
Housing and commercial building up; institutional and manufacturing construction in “retreat.”
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