09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
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The week began quietly as many traveled home from the All China Leather Fair (ACLE) and the US started the week on Tuesday, following the Labor Day holiday.
There was high volume of foot traffic during the first two days of the All-China Leather Fair (ACLE). After day three, many visitors left the fair to travel back home.
The Chinese tannery pavilion (E4 hall) was busy and full of people and booths. The international hall (E1) was quiet with less booths.
Most foreign sellers, particularly US and Brazil, attended the fair, however, most did not have booths.
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