The Ministry of finance in Zhejiang province reported first quarter sales of $210 million, an increase of 2.65% compare to the same period a year ago. It remarked the first quarter gain over the previous year since early 2012. Fasteners contributed 4.15% to the total export volume in Q1.

America and EU accounted for 47.57% of Jiaxing’s sales value, increased 6.88% from last year . Export value of America was 56.9 million, up 25.99% from the same period 2013. The export value of EU was 12.93% up to 43.2 million.

As the third largest market of Jiaxing fastener, Russia’s contribution to export volume was 34.4% down to 18.8 million while the BRICS( Brazil, Russia, India, China, South Africa) members dropped 17.2% to 37.4 million.

The unit price of fasteners showed a slightly down tendency. Average unit price of steel fasteners deceased 0.15% to $1314 per ton. Unit price of Brass fasteners reduced by 13.69% and is $10260 per ton now. The price of aluminum fasteners up 9.87% to $2727 per ton.