Italy – Cautious restart to the New Year
Published: 13 Jan, 2021
Cowhides, both domestic and those delivered from other European origins, continue to be traded well into China. There appears to be minimal domestic tannery demand for these at present. Prices, for many origins of cowhides, are reported to have topped the US$30.00/hide level. The automotive industry within Europe is perhaps the one positive segment at present, with good demand for finished leather. As a consequence, there has been an uplift in the price being paid for South German bull hides, with one trader reporting to now be paying upwards of €1.20/kg to secure material. Again, the lack of supply, as with many in demand hides, dictates prices. The calfskin side of the leather trade is still reported to be in a sorry state, with few new fashion leather orders coming in. Many report to still hold stocks of both finished leather and unsold finished goods from last year. Added to this it is thought by one industry commentator that some suppliers from the Netherlands hold high levels of raw stocks.
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