The International Market
China
Last week was on the quiet side with most tanneries shut down until February 28 or early March for the CNY holiday.
The US West Coast port issue is causing problems for many Chinese buyers. Some have opened LCs, but have received neither their hides nor even a confirmed shipping schedule on LCs issued weeks ago. To put the situation into perspective, one buyer asked, “Why should I keep buying hides while I have…
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