As the Spring Festival draws near, the Lai Ting Changli fur market has seen a shift in activity, with most of the buyers now being middlemen who have already acquired their stock. Unlike previous years, many of these middlemen are not holding onto their furs this season, as short-term strategies have failed to deliver the expected returns. With market conditions showing signs of stabilization and risks gradually decreasing, they’ve become more cautious. When they notice a rise in the value of certain pelts, they tend to hold back on purchases, preferring to wait for clearer signals.
Currently, silver fox pelts are selling at a decent pace, and the price of head feed remains stable around 700–800 yuan. However, there’s limited room for further growth. Blue fox traders, on the other hand, have been more hesitant in recent days. Earlier, they bought water skins at about 30 yuan per piece, but after a slight price increase, they stopped buying. Meanwhile, mink pelts are benefiting from the high prices of their bigger counterparts—blue fox and silver fox. The mink market appears more stable than before, yet middlemen remain indifferent to current trends, showing little interest in increasing their purchases.
Farmers, in contrast, are more composed and optimistic about the future of the market. They aren’t rushing to sell their goods and are taking a longer-term view, confident that the market will eventually recover and offer better opportunities. This calm attitude reflects a growing sense of confidence among those directly involved in the industry.
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