What happened this week: Another week has finished and we are running fast towards the end of 2011. The mood of the market hasn’t really improved yet. Actually the trade is waiting for the bottom but nobody is really in the position to find it. Most sellers are desperately pretending week by week that sales and market demand are strong enough to clear all the overhanging hides which are looking for customers, but so far not enough interest has been generated to make anybody feel comfortable about prices and the end of the correction process.

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