What happened this week: Happy New Year to all our readers! Most people – including us – expected the week between Christmas and the New Year to be the quietest around the season, but failed. It was this one. Holidays well spread all over kept people away from the market. Monday and Tuesday most Asians were still off, Monday was a holiday in most Anglo-Saxon countries too and on Friday in most catholic parts of Europe businesses were closed too if they were not closed anyway until the next Monday. Consequently activity was pretty light and except some scattered mails from Asia we haven’t seen any noticeable interest or discussion about hide purchases. So, the market gossip and activity was left to the few around and the main subject of interest was if this market has now left the downward trend, if this is just a hiccup as a reaction to the long slide seen or if this is already the turn around and prices will now be set for a rise, like frequently seen in the first quarter of a year.

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