What happened this week: This week is a repetition of the previous one. It is quiet, it is even very quiet, but it is not dead and there are isolated trades with the very regular buyers – enough to clear the low kill we are facing at this time of the year. That does, however, not prevent from the persisting slide of prices which is mainly still caused and triggered by a general quiet tone which is leaving some origins and players pretty much forced to try to stimulate the demand by reducing offering prices. Still, this is nothing spectacular, because there are so far no big stocks accumulated and nobody has yet been forced to dump any hides. The hard fighters are again the Italians, who have pulled out their old strategies by using the upcoming holidays to force sellers into price concessions. Until the summer holidays most of the raw material procurement is already done.

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