Market Activity & Analysis

Hide producers tried to maintain steady prices this week as buyers tried to push them lower ahead of the CNY holiday. While the jury is still out, hides have traded more or less steady with a few selections edging $1 lower from prior business. Sources continue to provide feedback that business and L/C openings are slow and leather demand in the shoe segment flat. Automotive and upper-end upholstery business are the bright spots in the market…