Market participants reported several containers of hides were stuck at Chinese ports due to buyer resistance to pay for the delivered material. Several packer steer and heifer hides were traded on Wednesday July 10 at price levels that ranged above and below last traded levels.
A few sellers with material that was stopped at several ports in China reported that buyers filed claims in attempt to lower the previously agreed price levels at which the material had been traded. The ports with the most issues were reported to be in the Shanghai, Ningbo and Boosung provinces. Temperatures in Shanghai, China, averaged around 100°F (37.8°C) for the week ended July 10, which negatively impacted the quality of hides sitting in containers for long periods of time.
…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...