Bulletin

Maize producers have not harvested the expected quantity due to a lack of rainfall. 

The Zhejiang province is seeking permission to build a new automotive plant, this plant is expected to be ready by 2022 and will increase total production over 3.5 million units annually.

Think going vegan will be good for the planet and your health? It’s even better for supermarkets’ margins.

We have received information from several sources that hide sales have now dropped back, as Chinese tanners look more towards the CNY and beyond. 

Unsurprisingly, our source in Canada reports that sales over the past few weeks have been an almost carbon copy of those from the United States. Good sales at increased price levels have been made in both ox-heifer and cow hides, with the emphasis on the heavier weight material. 

Most beam houses are now shut or at the very least only working to put hides into soak, it is expected that the close down for the CNY holidays will be from 2 February until Monday 11 February.

Wet-Blue. The start of 2019 has begun in the same way as 2018 ended with pressure on the market to reduce prices further, with global demand for finished leather continuing to be poor.  

It’s been a quiet week as far as trading is concerned with only a few new sales reported. One notable sale has been of HNS which have jumped in price by $5.50 now trading at $50.00.

Many Mexican tanneries are heavily geared towards the footwear sector of the leather industry. This being a sector we have shown to have had a torrid time in 2018 and with as yet no sign of recovery in 2019.

There have been good sales of French cows into China since the start of this new year, with many suppliers able to push the price up slightly from that achieved at the end of last year.