As the Spring Festival drew closer, the Lai Ting Changli fur market saw a surge in activity from middlemen who had already sourced their goods. Unlike previous years, however, many of these traders opted not to hold onto their pelts this season. Short-term trading strategies proved ineffective, and as market conditions stabilized, the perceived risks declined. With the value of certain fur types showing signs of appreciation, middlemen became more selective, choosing to buy less and wait for better opportunities.
Currently, silver fox pelts are selling at a relatively brisk pace, with the price of head fodder remaining stable between 700 to 800 yuan. However, the potential for further growth appears limited. Blue fox traders, on the other hand, have been more cautious in recent days. Some had initially purchased water skins at around 30 yuan per piece, but after a slight price increase, they hesitated to continue buying. Meanwhile, mink pelts remain somewhat supported by the higher prices of blue and silver foxes. Although the mink market seems more stable compared to earlier periods, middlemen are not particularly excited about current trends, and the lack of strong demand has not sparked significant interest in purchasing.
Farmers, in contrast, are showing more composure. They are generally optimistic about the future of the market and are not rushing to sell their inventory. With the overall market showing signs of balance and stability, many are taking a patient approach, waiting for the right moment to make their moves.
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