The US $ in EURO
1,2410

What happened this week: As expected the weeks again determined by currency movements and activity from the Far East. By mid week a larger number of orders were place by some of the bigger tanners in China. Most of the orders arrived to export traders who hurried to cover the substantial size of business. The weak € helped a lot and an order which seemed to be low in the morning was sometimes already pretty attractive by midday. Impressive was the amount of interest for bullhides. We saw the increase of interest already for some time, but this volume sold was not anymore a trial. So, one has to assume, that also this type of material is finally becoming a standard product in the Far East. This will change trading patterns in Europe in the medium long term significantly. More and more clear is the fact, that inventories in Asia cant be very high, since again most sales were combined with exact shipping instructions and those were not for the long term. Also clear is that Asian tanners have finally now European hides fixed on their purchasing list and it

Share this story:

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.