What happened this week: There is still not much going on and week by week more tanners in Europe are closing their plans for the time until the holidays. This doesn’t apply to everybody, because some – in particular contract and automotive tanners – are keeping productions open and are now trying to take advantage from the shutdown of their colleges. The Asians have a similar attitude, but when too many follow the same track you face possibly a traffic jam. Well, it is not that bad, but at least not all buyers have disappeared and a certain amount of business can still be done. However, the interest and activity is not enough to turn the market around and despite sales, the pressure on prices could not be totally removed. European buyers tried to buy aggressively cheaper, while the returns from Asia were again depending on a lucky hand on the currency market. The USD fluctuated again between 1.42 and 1.45 and selling hides and the currency in the right moments determined if a sale was satisfying or not. Generally it can be said that the sales and the market reflected the situation on the leather market with extra heavy and good quality males having still a pretty stable performance while the lighter and the female end facing stronger headwinds. Tanners bids were pretty ambitious at the beginning of the week and it need days to work bids to levels which were finally negotiable. Again it was a week where sales were pretty much depending on the general market opinion of the buyer and the seller.

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