Most tanners and shoemakers in China will follow on from European holidays and be closed for the Lunar New Year at the end of January while a number of them will add the first week of February as well. Discussions with tanners in China reveal that shoemakers there expect leather prices to be reduced by the same factor as the raw hide prices. Tanners arguments are that they have been facing higher production costs (higher energy and chemical prices for instance) which the shoe makers refused to pay since the increases could not be passed on to the consumer.
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