The Jacobsen Commentary and Market Opinion—21.04.09

Courtesy of www.thejacobsen.com

Market activity

There was downward pressure on the hide market this week as prices of most selections dropped while sellers struggled to hold a bottom on trading. The challenge to keep product moving has placed the emphasis of many suppliers to shipment and payment, followed by price. The pressure was also exacerbated by slow finished leather business in Asia and tanners’ ability to hold off for the best prices possible. This said, there are occasional cases where specific supply sources have been able to get a premium for either exceptional quality or a great relationship with a specific customer.

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