Sellers reported a busy start to the week on October 14-15, with carryover business from the weekend as well as new incoming bids from interested buyers. The volume of bids from many buyers and the number of containers that were bid gave sellers optimism that price improvements could be achieved throughout the week.
Several sellers said that the continued interest for upholstery-intended hide material, with a number of buyers willing to pay flat price levels week after week, brought sellers into well-sold positions.
Additionally, the season’s better-quality hides are currently available, which led sellers to gain confidence that price improvements were called for. These sellers told Fastmarkets that they plan to increase offer prices for the most popular hides on their offer lists to be released on October 15.
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