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German Perspective—06.10.09

06/10/2009

What happened this week:  This week was reasonably quiet again. A few flurries of sales, particularly to China, were seen as tanners took advantage of the sharp correction for cow prices that happened during the last ten days. Many tanners’ target prices were reached, so they decided to book some hides on these levels so as not to miss any chances. However, it was nothing like a major round of buying and buyers are displaying rising concerns about business and leather orders in the fourth quarter.

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