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Himfr Predicts Fur Prices May Fall in the Second Half-Year

2010-08-05 20:11 1838

BEIJING, Aug. 5 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, predicts fur prices may fall in the second half year.

Himfr analyzes that at present, the fur market is in a stalemate, and since the People's Bank has yet not raised interest rates, the fur market situation will remain as is for some time. If the interest rates increase, the prices will slowly drop, and at that time the market pressure will really be revealed. It is expected that this fall the fur prices will begin to drop, and next summer or fall will reach their lowest point, and then with the advent of inflation, the fur prices are expected to remain high. High production costs, in terms of the processor are a pain, because the price of finished products must adapt to the price of fur. Fur is not a necessity and will not appeal to different consumer groups, which requires companies to do good design and marketing. The reality for breeders is not entirely bad news, since last year, breeding companies felt the heat in different markets, and processors have passively accepted the current price. This relation to production may have to continue for some time. The aquaculture industry should be prepared in advance to find a new growth point, focus on economic change, and not expand when prices surge. Market conditions can be reversed by expanding the group. If the market deteriorates, investment returns or earnings will be eroded and producers may even lose money.

Compared to other types of furs, Himfr believes that mink and fox will be affected less, as mink consumers are generally the middle class or consumers of strong ability, so it affected less by the economic situation. The volume of fox fur consumption may be smaller than mink, but many women basically like to have a fox fur clothes, fox is a symbol of high-end clothing. Some scholars believe that the Renminbi will not appreciate, but devaluate. The breeders and the production owners will consider the impact of the devaluation of the Renminbi on foreign mink and fox fur prices. (http://www.himfr.com/list-product-Textiles_Leather_Products-29000000-1.html )

About Himfr.com

Himfr.com is a promising e-commerce company and a leading vertical search engine company in China. Himfr.com offers a variety of high quality products such as oven thermometer (http://www.himfr.com/buy-oven_thermometer/ ), necklace holder (http://www.himfr.com/buy-necklace_holder/ ), led keychain (http://www.himfr.com/buy-led_keychain/ ) and many more.

For more information, please contact:

www.Himfr.com

Tel: +86-10-6556-9770

Email: my@himfr.com

Source: Himfr.com
Keywords: Retail
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