What happened this week: This week the trade was busy to talk the market higher. The question is just how you measure the success. By the few isolated trades who shall confirm it or by the general absence of quality and volume buyers? By the special situations in the automotive and luxury sector or the by stress the normal leather market is facing? Well, in the end everyone finds something what suits his ideas and positions. Sellers play with the supply side and the reduced kill while buyers are pointing on the lower demand for leather in the medium and lower end and the difficulties to lift leather prices to levels which would make the production of leather sufficiently profitable. All this is presently mixed with a nice portion of speculation mainly on suppliers’ side and this is creating the firm trend we are facing at the moment.

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