News

Friedrich Sturm Report - 05.01.07

12/01/2007

So, the little activity that was seen was entirely in the hands of overseas customers and, surprisingly, the offers made between Christmas and New Year received some feedback and some sales were even generated. Since there were pretty few hides to offer, and even those were mainly low grades and specialties, the volume and importance of the deals was limited. However, it was a surprise because no one was expecting anybody to buy raw materials, not even the Asians. Maybe the argument was that the hides were still ready to ship in January. And perhaps those who believe that there is still some open-to-buy for the short-term are right. So, all the interest seen was either for reasonably priced male hides (of which hardly any were available) or for low grades which were readily absorbed at full asking prices.

To continue reading this story, please sign in or register.