04.17.2024
What is Biodiesel?
Biodiesel is a renewable fuel produced thorough the transesterification process. Transesterification is a chemical progression that converts vegetable oil, or other fats, oils and greases, into biodiesel. ...
Market Activity & Analysis
Today’s Market
There have been a few price adjustments in the US hide market today. After yesterday slight bump, we’ve seemed to come back down to the early week lows. Reports in Korea speak of increased interest in automobile interior leather despite May US light vehicle sales reporting down 30 percent. However, this down is not nearly as low as April’s sales.
Today’s Trades
[HIDE-SALES]
US Leather Footwear Imports From China
US imports of leather footwear from China are down 36 percent in March of 2020 relative to March of 2019. It is reasonable to expect additional low volume for April when The Office of Textile and Apparel (OTEXA) trade data is released later this week. According to the OTEXA data, major players, such as Vietnam, Italy, Mexico and Thailand have maintained…