As the Spring Festival draws closer, the Lai Ting Changli fur market has seen a shift in activity, with most buyers now being middlemen who have already sourced their goods. Unlike previous years, many of these middlemen are not holding onto their pelts this season. Short-term strategies that once worked no longer seem effective, as the market appears to be stabilizing. With reduced risks and clearer trends emerging, traders are becoming more cautious. When they spot a rise in certain skin values, they tend to buy less, preferring to wait for more clarity before making decisions.
Currently, silver fox pelts are selling at a relatively brisk pace, with head feed prices remaining steady between 700 and 800 yuan. However, the potential for significant price increases is limited. Blue fox traders, on the other hand, have been more conservative in recent days. Some had initially purchased water skins at around 30 yuan per piece, but after a slight price increase, many middlemen chose not to continue buying. Meanwhile, mink pelts remain somewhat supported by the high prices of their larger counterparts, blue foxes and silver foxes. Although the mink market seems more stable compared to earlier periods, middlemen are showing little interest in current performance, and the lack of enthusiasm is keeping purchase activity subdued.
Farmers, in contrast, are taking a more relaxed approach. They are optimistic about the future of the market and are not rushing to sell their goods. Many are choosing to hold onto their pelts, expecting better opportunities in the coming weeks. The overall sentiment among producers is positive, and they are confident that the market will continue to show improvement as the festival season approaches.
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