Buyer interest in the US hide market has slowed at the end of the week as tanners in Asia struggle to pay higher price levels. The exchange rate for Chinese tanners has increased the cost of US hides which many tanners have claimed they are unable to pay more than the price of what was last traded.
Tanners in Hebei province of China are now quiet after having returned to the market in the last few weeks. The typhoon activity in the region has slowed all business.
Automotive tanner demand is the most active in North America rather than Asia. Buyers in Mexico were willing to pay $0.50 more than last traded levels today.
U.S. Export Sales & Shipments for Week Ending July 27
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