What happened this week: The market and the mood remains in the tight grip of the uncertainties of the international economy. The EU debt crisis, the slowdown of the growth in China, the financial woes in part of the private sector in China and the lagging economies in the USA and other countries are dominating the headlines and weigh on the mood in the leather industry. Nobody knows what is going to happen in the near future and consequently most of the players in the leather pipeline are trying to reduce risk as much as possible. This also includes raw material buying and this is now restricted to the minimum needed.

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