German perspective--01.12.09
01/12/2009
What happened this week: We are finding it more difficult week by week to get a reliable reading of this market. In superficial terms it looks pretty simple: good-quality hides are well sold and sellers are pretending to be sold forward. Overseas markets are firm and are reporting similar conditions. The general impression is that hides have become scarce and that this will push levels into 2010.