Market Activity & Analysis

This week, the hide suppliers are trying to sort through the tumultuous stock markets in China and the rest of the world as buyer’s attention seems to be focusing more and more away from hides. Adding to the woes for China tanners is the weakening RMB against a strong dollar which sources report in a short time has increased the cost of hides to the tune of about 28 RMB or $4.27 per hide. So while prices seem to be holding, there has not been…