Market Activity & Analysis

With the 2015 Hong Kong leather fair in the rear view mirror, buyers this week are looking to continue the market’s downward momentum. There are reports that leather business is down and leather buyers are pushing for lower prices with some bidding as much as $0.15 to $0.30 per sq. ft. lower. To put this into perspective, for a 47 sq. ft. hide this would be $7 to $14 less revenue.

While the market scrambles to find direction, there is…