What happened this week: It was a very, very quiet week apart from the ongoing turbulences on the financial markets and the riots on British streets. The quiet period would under normal conditions not really bother anyone. It is the peak holiday season now and nobody would really expect much market activity. However, the recent turbulences have indeed shocked quite a number in the leather industry and everybody wants to know where things are moving before taking any committing decisions for the next weeks. Being also just four weeks away from the Shanghai Leather Fair, tanners in China now have the excuse to wait for the visits of their suppliers and customers to analyse the situation.

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