US Perspective - 19.07.11
The Jacobsen Commentary and Market Opinion
Courtesy of www.thejacobsen.com
We are between seasons for the majority of side leather tanners and Italian hide and wet blue buyers will be out of the market for their summer holidays for at least two more weeks. Meanwhile, the money supply in China is tightening and the customs issue has increased the cost of doing business in Southern China. These normal and extraordinary conditions ordinarily would push down the hide market, but this is not the case this summer.