Demand For Fur Is Still Strong In The Financial Crisis.
Yesterday, according to British media, the world's largest fur auction was held in Copenhagen this week, with a record number of buyers from China. Timothy Everest, a Hongkong fur trader with nearly 30 years of experience, told reporters that despite the financial crisis, demand for fur remained strong. The auction hall was crowded with 350 buyers from China. They paid close attention to quotations, talked and took notes, then made purchase decisions. A large number of new Chinese buyers have stabilized the market. The company expects that prices will remain stable this week and goods will be sold out. Related background As of October 2008, the total sales revenue of Copenhagen fur companies responsible for the auction reached a record $895 million 900 thousand, although this year's price fell by 10% to 20% compared to the earlier year's high level, but demand is expected to rebound this year.
Editor in chief: Du Jun
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