Market Activity & Analysis

Market activity remains slow with some of the early trading from steady to $0.50 or $1 lower. Some of the major producers are holding out for steady or maybe a little more. Many buyers opine leather business should not improve before the end of June. To this extent, they believe the market probably still has some downside and reflect this in their bids. On the flip side, some producers claim that they are well sold forward and many of the…