Bids, mainly from Korea and Thailand, are significantly lower than the current price levels, which is an indication that there is little urgency to buy at this time. Midweek trading was quiet while sellers wait for Chinese tanners to return from Golden Week. However, the Chinese government ordered several tanneries to remain closed by taking an extended holiday break. Other tanneries have been ordered to limit operations. These orders have been implemented because of the energy shortage in the country. The orders are spreading throughout China and some of the specific regions that have been affected are the provinces of Jiangsu, Fujian and Gansu.  

Luxury Footwear Sales Rebound Post-Pandemic

Shoe sales continue at multi-year highs despite the global shipping crisis, COVID-19 government shutdowns and supply shortages. Federal Reserve Economic Data (FRED) reported July as the fifth consecutive month to outperform historic monthly retail shoe sales. At $3.5…