High clearance percentage indicates demand in China
The overall clearance percentage for all of Kopenhagen Fur's auctions in 2015 up till now is 95 percent. For the June Auction the clearance percentage is 90. This result is quite interesting according to Brian Tufvesson, Head of Customer Department, Kopenhagen Fur.
- Some of our customers from China and Hong Kong are currently experiencing uncertainty in the skin market. However, our clearance percentage indicates that there is still a great demand for our goods in China.
- This is good news, because even though the uncertainty may be present now among some of our buyers, it will not remain. However, the healthy demand for skins will continue after the factors that have created the uncertainty have disappeared. So this clearance percentage demonstrates that over a longer period, the market is still in good health, he says.