Navigation
Analysis of price of stainless steel fasteners in 2024
Price trends: Overall price decline
In 2024, the prices of China's foreign trade stainless steel fasteners showed an overall downward trend. For example, the average export price of steel fasteners from January to October 2024 decreased by 0.21 thousand US dollars per ton compared with the same period of the previous year, and the average export price of fasteners from January to September 2024 also decreased compared with that of 2023.
Price differentiation among different products
High-end products
Some high-end stainless steel fastener products with high technological content, good quality and superior performance have relatively stable market demand. Moreover, enterprises have certain advantages in production processes and cost control, so their prices are relatively firm. They even witnessed increases in some specific markets and among certain customer groups.
Mid- and low-end products
The market competition for ordinary mid- and low-end stainless steel fastener products is fierce, and their prices have dropped significantly. Due to the prominent situation of overcapacity and oversupply in the market, enterprises often adopt price reduction strategies in order to compete for market share, resulting in continuous declines in product prices.
Price fluctuations and adjustments
Affected by fluctuations in raw material prices, changes in exchange rates, dynamic adjustments of market supply and demand relationships as well as international trade policies and other factors, the prices of foreign trade stainless steel fasteners will experience certain fluctuations during different periods. For example, when raw material prices suddenly rise or exchange rates fluctuate significantly, product prices may be adjusted accordingly. However, due to the existence of market competition, the range of price increases is relatively limited. And when there is a seasonal or temporary increase in market demand, prices will also rise, but such increases are usually not sustainable.
Price trends: Overall price decline
In 2024, the prices of China's foreign trade stainless steel fasteners showed an overall downward trend. For example, the average export price of steel fasteners from January to October 2024 decreased by 0.21 thousand US dollars per ton compared with the same period of the previous year, and the average export price of fasteners from January to September 2024 also decreased compared with that of 2023.
Price differentiation among different products
High-end products
Some high-end stainless steel fastener products with high technological content, good quality and superior performance have relatively stable market demand. Moreover, enterprises have certain advantages in production processes and cost control, so their prices are relatively firm. They even witnessed increases in some specific markets and among certain customer groups.
Mid- and low-end products
The market competition for ordinary mid- and low-end stainless steel fastener products is fierce, and their prices have dropped significantly. Due to the prominent situation of overcapacity and oversupply in the market, enterprises often adopt price reduction strategies in order to compete for market share, resulting in continuous declines in product prices.
Price fluctuations and adjustments
Affected by fluctuations in raw material prices, changes in exchange rates, dynamic adjustments of market supply and demand relationships as well as international trade policies and other factors, the prices of foreign trade stainless steel fasteners will experience certain fluctuations during different periods. For example, when raw material prices suddenly rise or exchange rates fluctuate significantly, product prices may be adjusted accordingly. However, due to the existence of market competition, the range of price increases is relatively limited. And when there is a seasonal or temporary increase in market demand, prices will also rise, but such increases are usually not sustainable.