France – More optimism in the market
Published: 11 Nov, 2020
The hide market has been reported as being buoyant over the past few weeks. European tanners are, in the main, responsible for the heightened demand. Their low stocks, coupled with fresh orders for finished leather, have fuelled their need for raw material. Bull hides are very sought after from the automotive tanners. This has brought about price increases. The feeling now, however, is a levelling off on prices. Most European countries are facing rising numbers of Covid cases and a number are back in some kind of lockdown. This is bringing new restrictions. This brings to the surface yet again the consequences the virus can have directly or indirectly on businesses. Caution is once again being shown on new purchases, and is likely to stifle any further price rises. Calfskins have remained unchanged in both price and demand; this is a similar pattern reported from other supplying European origins. Many of the fashion houses are reported to be still holding large stocks of material. To read more click here.