This week: This week finally showed a clear market movement again with sufficient activity to derive certain conclusions and a basis for price development.

On the one hand, it became very clear during the week that many tanneries in Europe have already significantly reduced their production and, if necessary, will either plan further restrictions until the beginning of the new year, or end the year at a low level. This has so far been partly offset by the reduced kill and by the activities of traders and producers of semi-finished products, holding back the expected price pressure for raw material. But inventories in the tanneries are beginning to increase steadily and it is becoming clearer by the day that hopes for the usual, seasonal recovery in leather demand may be dashed this winter.

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