Synthetic Fiber Markets Face Risk of Higher Prices

Synthetic Fiber Markets Face Risk of Higher Prices

Packers have indicated steady or near-steady levels for offers going out tonight. Chinese customers are preparing for the Lunar New Year to begin slowing operations at the end of this week. The increasing cases of COVID-19 abroad may lead to government-imposed shutdowns or restrictions to limit movement in infected regions. Buyers have a lot of inventories and sellerS are facing a lot of delays and cancellations of contracts. Several buyers who are contending with past due delivery times are renegotiating price with sellers. 

Synthetic Fiber Markets Face Rick of Higher Prices

Worldwide COVID-19 outbreaks are creating greater negative price risk for the hide market as well as other material makers. A US big packer reported to the Jacobsen that the growing number of cases in the US have resulted in absenteeism at plants which have affected cattle…

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