Market Activity & Analysis

The hide market continues to look for direction with bid activity still quiet and many of the price ideas significantly lower than asking levels. Some China tanners are struggling to open LCs and bids are $4-$5 lower. Sources report that so far this week bids from Korea are very scarce as well.

Going into the spring season, apart from the auto sector and luxury goods, demand for leather continues to be sluggish despite a strong global…