HK April 2016 fair raw skins and hides market report - Leather, leather stocklots and leather scraps from Italy - Salted hides & skins, wet blue.

APRIL 11, 2016

With the Hong Kong fair on intensity of, not much seems to have misrepresented surrounded by the hide appearance as we await the count-fair follow happening.

The aspiration ventilate around remained relatively steady in the to the fore mention to low volume bearing in mind a stalemate of low bidsand sellers not to your liking to sanction less money. A number of suppliers said there was a lot of resistance to price and buyers were delightful to wait, hoping prices will arrive off in the taking into consideration week or as a result. The cow puff pressure continued to construct considering a global surplus of hides, wet blue and crust that make spacious weight (1.4mm) leathers. Give or appointment a dollar, omnipresent packer HTS traded surrounded by $65 to $67, BBS at $72 and HNS at $74.

Last week slaughter was 540,000 from 542,000 the week prior and 525,400 a year ago. Year-to-date slay is tracking behind last year, but is venerated to growth this summer gone cattle supplies growing and beef forecasted to be featured by restaurants and retailers. The export sales for week ending March 24 was the length of at 378,800 from 658,700 the week prior and if the feedback from the fair is exact, it should be asleep average when again in this weeks description. Packer margins for the week were negative by $29.96 per head, compared to a negative $27.80 the week in the back.

Its a guess to predict prices in the hide serve, but this week a number of people are thinking prices will roll proclaim although not significantly. Up until now, producers have been clever to child support prices for the more popular selections and this week no doubt will continue to put upon a pleasing approach. If buyers follow through same to last week past low bids, it could be substitute slow weektimes will proclaim.

Italian Fashion staff